Atlanta & Southeast + Carolinas + Retail | April 3, 2023

Marcus & Millichap Finalizes Sale of Self-Storage on NC’s East Coast

Marcus & Millichap Real Estate Investment Services of North Carolina, Inc. arranged the sale of Powells Point Self Storage, a 22,100-square-foot self-storage facility located in Powells Point, NC. The sale price was not disclosed.

Gabriel Coe, Brett R. Hatcher and Nathan Coe, investment specialists in Marcus & Millichap’s Columbus, OH office and winners of Connect CRE’s 2023 Top Broker Awards, marketed the property on behalf of the seller, a limited liability company. Ben Yelm, North Carolina broker of record, assisted in closing the sale.

“We sold this deal after a competitive process and multiple competing offers,” said Gabriel Coe, the lead agent involved. “The buyer owns another property locally and will be able to benefit by operational synergies between the two properties and also the ability to increase rents.”

Powells Point Self Storage is located on the east coast of North Carolina about 30 miles south of the Virginia border.

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Inside The Story

Marcus & Millichap's Gabriel Coe

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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