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Atlanta & Southeast  + Southeast  + Retail  |  October 13, 2020
David Cohen
By: David Cohen

Reliant Real Estate Snags 438-Unit Self-Storage Facility in North Carolina

Roswell, Georgia-based Reliant Real Estate Management has acquired Storage at 7275 Carolina Beach Road, a 438-unit self-storage facility in Wilmington, N.C. The sales price was not disclosed.

Built in 2018, the three-building property totals 63,550 square feet on 7 acres and was 90% occupied at the time of the sale. Amenities include wide aisles, premium LED lighting, Uhaul rentals and a retention pond behind the facility.

Mike Mele and Luke Elliott of Cushman & Wakefield represented the seller, Inlet Watch Development LLC, in the transaction. Reliant Real Estate’s current portfolio includes 53 self-storage facilities comprised of 34,000 units and 4.5 million square feet.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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