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Lakeland Village has acquired two Extra Space Storage facilities in Mooresville, NC and Salisbury, NC for $23.6 million.

It Takes $24M for Lakeland Village to Buy Two Self-Storage Facilities near Charlotte

Lakeland Village has completed $23.6-million purchase of two Extra Space Storage facilities totalling 136,994 square feet in the Charlotte submarkets of Mooresville, NC and Salisbury, NC. Extra Space Storage operates both facilities as a third-party manager.

Morgan Windbiel with CBRE represented the seller, an undisclosed private investor, in the deal.

“The Charlotte MSA has continued to grow at a pace far exceeding the national average,” said Windbiel. “These deals show that there continues to be a strong confidence in leasing up both new facilities, as well as newly delivered expansions.”

The Mooresville facility, located at 1110 Brawley School Road, measures 70,994 square feet and consists of 705 self-storage units. At the time of sale, this facility was in lease-up. The Salisbury facility, located at 725 Jake Alexander Boulevard, measures 66,000 square feet and includes 680 self-storage units. The deal sold with a second phase expansion being delivered at certificate of occupancy.


Inside The Story

CBRE's Windbiel

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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