Closed Within Three Percent of Final List Price

Cleveland, TN— Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, recently completed the sale of a 419 unit self-storage facility, “AllSafe Storage,” located at 2530 Georgetown Road NW, Cleveland, TN. Associate Vice President Austin McLeod represented the seller in the transaction.

 

The property spans 61,336 rentable square feet on a 2.4-acre lot. The seller is a private client of Matthews™ who was looking to free up capital. The buyer, a Texas-based privately held acquisition and investment company, was interested in expanding its self-storage presence out of state and into a target market of the Southeast.

 

“The multiple interest rate hikes that occurred throughout the escrow process highlighted the importance of staying up to date on industry trends and market climates to place clients in the best position for long-term financial success and profitability,” said McLeod.

 

McLeod utilized the extensive Matthews™ database to maximize property exposure and assist the seller in closing the deal on this facility. The seller was able to liquidate this asset at a price within three percent of its list price.

 

“Bringing out-of-state private capital was a huge win on this deal,” said McLeod. “This deal was all about having an open line of communication, which allowed us to close in a quick timeframe with the first buyer we selected.”

 

For more information, or to contact Austin McLeod, please visit www.matthews.com.

 

 

 

 

About Matthews™

Matthews Real Estate Investments Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 400 agents and support staff in 14 offices across the Unites States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.