Matthews™ Arranges the Sale of New Construction Self-Storage Facility

Atlanta, GA – Matthews Real Estate Investment Services™, the nation’s fastest-growing commercial real estate firm, is pleased to announce the sale of Eastside Self-Storage located at 2387 Lenora Church Road in Snellville, GA. Built in 2017, the three-story facility stands at 51,030 net rentable square feet and is situated in one of Atlanta’s leading submarkets. Associate, Austin McLeod, and Regional Director of Investments, Johnny Blue Craig, brokered the transaction.

 

The seller, Brannen Development Company, a local merchant developer in Atlanta, was looking to off-load the new construction property upon stabilization. Matthews™ agents sourced a buyer that was already familiar with the area through an existing relationship. The buyer, Prime Group Holdings, is the largest private owner-operator of self-storage facilities in the United States, with over 15 million rentable square feet of storage space across 25 states.

 

“The buyer had recently purchased another facility in Snellville, so the motivation to increase their presence in the market was already there,” said Associate, Austin McLeod. “By adding this Class A facility to their portfolio, the buyer was able to eliminate a nearby competitor and increase their market share in a rapidly growing, high-income submarket in the Atlanta MSA.”

 

For more information regarding this sale or if you have any other questions related to self-storage investment sales, please reach out to Austin McLeod and Johnny Blue Craig. To view current listings, please visit www.matthews.com.

 

About Matthews™

Matthews Real Estate Investments Services™, the nation’s fastest-growing commercial real estate brokerage firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Founded in El Segundo, CA, and strategically positioned with over 300 agents and support staff in over 10 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.