{"id":1004183394,"date":"2017-07-11T01:32:24","date_gmt":"2017-07-11T09:32:24","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004183394"},"modified":"2022-12-09T01:46:55","modified_gmt":"2022-12-09T09:46:55","slug":"amenity-rich-self-storage-facility-lands-new-owner","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/amenity-rich-self-storage-facility-lands-new-owner\/","title":{"rendered":"Amenity-Rich Self-Storage Facility Lands New Owner"},"content":{"rendered":"<p>By Alexandra Pacurar<\/p>\n<div id=\"attachment_1004183396\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Winston-Salem-Self-Storage.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004183396\" data-attachment-id=\"1004183396\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/amenity-rich-self-storage-facility-lands-new-owner\/winston-salem-self-storage\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Winston-Salem-Self-Storage.jpg\" data-orig-size=\"434,261\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Winston-Salem Self-Storage\" data-image-description=\"&lt;p&gt;Winston-Salem Self-Storage Opportunity&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Winston-Salem Self-Storage Opportunity&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Winston-Salem-Self-Storage.jpg?w=434\" class=\"wp-image-1004183396 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Winston-Salem-Self-Storage.jpg\" alt=\"Winston-Salem Self-Storage Opportunity\" width=\"300\" height=\"180\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Winston-Salem-Self-Storage.jpg 434w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Winston-Salem-Self-Storage.jpg?resize=300,180 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004183396\" class=\"wp-caption-text\">Winston-Salem Self-Storage Opportunity<\/p><\/div>\n<p>Marcus &amp; Millichap facilitated the sale of a 558-unit <a href=\"https:\/\/www.commercialsearch.com\/news\/conversion-project-brings-more-self-storage-options-to-winston-salem\/\">self-storage property in Winston-Salem<\/a>, N.C. known as Winston-Salem Self-Storage Opportunity. The investment services firm had the exclusive listing of the 71,000-square-foot facility on behalf of the seller, but also secured and represented the buyer, a first-time storage owner.<\/p>\n<p>The two-floor asset, completed in 2014 and opened in 2015, occupies 1.2 acres at 401 Jonestown Road within the Centre Stage at Jonestown shopping center. It offers rentable climate-controlled units, but also elevator access, a coffee bar, a laptop station, a conference room, multiple loading points and a model unit, with brand new heating, air conditioning and exterior painting. Winston-Salem Self-Storage Opportunity has great signage and highway visibility with ease of access to Interstate 40 as well as highways 421 and 158.<\/p>\n<h2>Recently completed conversion project<\/h2>\n<p><em>\u201cThis self-storage facility was a conversion of an existing retail building. I predict that we will be seeing a lot more of these projects in the future. There was considerable upside in this project with the facility still leasing up,\u201d<\/em> Michael Mele, senior managing director of investments in Marcus &amp; Millichap\u2019s Tampa office, said in prepared remarks.<\/p>\n<p>Mele, together with Luke Elliott, also an investment specialist in the firm\u2019s Tampa branch, marketed the property on behalf of the former owner and represented the new one. Raj Ravi, broker of record in Marcus &amp; Millichap\u2019s North Carolina office, assisted in closing this transaction.<\/p>\n<p>Image courtesy of Marcus &amp; Millichap<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Marcus &amp; Millichap brokered the sale of the 71,000-square-foot property in Winston-Salem, N.C. The asset was built in 2014 and has been operating since 2015.<\/p>\n","protected":false},"author":236,"featured_media":1004183396,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21743,21742],"tags":[34836,32927],"class_list":["post-1004183394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charlotte","category-deals","category-latest","tag-marcus-millichap","tag-michael-mele"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Amenity-Rich Self-Storage Facility Lands New Owner - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/amenity-rich-self-storage-facility-lands-new-owner\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amenity-Rich Self-Storage Facility Lands New Owner\" \/>\n<meta property=\"og:description\" content=\"Marcus &amp; Millichap brokered the sale of the 71,000-square-foot property in Winston-Salem, N.C. The asset was built in 2014 and has been operating since 2015.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/amenity-rich-self-storage-facility-lands-new-owner\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-11T09:32:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T09:46:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Winston-Salem-Self-Storage.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"434\" \/>\n\t<meta property=\"og:image:height\" content=\"261\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alexandra Both\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/amenity-rich-self-storage-facility-lands-new-owner\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/amenity-rich-self-storage-facility-lands-new-owner\\\/\"},\"author\":{\"name\":\"Alexandra Both\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/92454aa9920287f97bb7f9888b2836f7\"},\"headline\":\"Amenity-Rich Self-Storage Facility Lands New Owner\",\"datePublished\":\"2017-07-11T09:32:24+00:00\",\"dateModified\":\"2022-12-09T09:46:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/amenity-rich-self-storage-facility-lands-new-owner\\\/\"},\"wordCount\":257,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/amenity-rich-self-storage-facility-lands-new-owner\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/07\\\/Winston-Salem-Self-Storage.jpg\",\"keywords\":[\"Marcus &amp; 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