{"id":1004392769,"date":"2020-02-19T07:30:43","date_gmt":"2020-02-19T15:30:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004392769"},"modified":"2025-02-28T00:12:20","modified_gmt":"2025-02-28T08:12:20","slug":"charlotte-self-storage-asset-trades-for-9m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/charlotte-self-storage-asset-trades-for-9m\/","title":{"rendered":"Charlotte Self Storage Asset Trades for $9M"},"content":{"rendered":"
\"\"<\/a>

CrossTrax Self Storage<\/p><\/div>\n

Prime Group Holdings has acquired CrossTrax Self Storage in Charlotte, N.C., from a private investor. The 116,350-square-foot facility changed hands for $9.2 million, and the new owner received acquisition financing from LMF Commercial, Mecklenburg County records show.    <\/p>\n

Located at 9400 Bob Beatty Road, the 666-unit property is 1 mile south of Interstate 485 near its intersection with the Bill Lee Freeway. The asset is 10 miles north of downtown Charlotte and within 3 miles of more than 8,300 multifamily units, according to Yardi Matrix data.<\/p>\n

Completed in five phases between 1997 and 2016 on an 11.9-acre site, the property comprises units ranging from 25 to 400 square feet. The gated facility features climate control, RV parking, drive-up access, security cameras and 24-hour accessibility.<\/p>\n

Associate Jonathan Spencer, Associate Appraiser Scott Eckert and President & CEO Cowles Spencer Jr. from The Storage Acquisition Group negotiated the deal. Spencer was also part of the team coordinating the $7.1 million January sale<\/a> of a 91,569-square-foot facility in Mesa, Ariz.<\/p>\n","protected":false},"excerpt":{"rendered":"

LMF Commercial provided financing for Prime Group Holdings’ purchase of the 116,350-square-foot facility.<\/p>\n","protected":false},"author":748,"featured_media":1004392775,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21743,21783,21742],"tags":[48770],"class_list":["post-1004392769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charlotte","category-deals","category-investment","category-latest","tag-prime-group-holdings"],"acf":[],"yoast_head":"\nCharlotte Self Storage Asset Trades for $9M - 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\/charlotte-self-storage-asset-trades-for-9m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Charlotte Self Storage Asset Trades for $9M\" \/>\n<meta property=\"og:description\" content=\"LMF Commercial provided financing for Prime Group Holdings' purchase of the 116,350-square-foot facility.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/charlotte-self-storage-asset-trades-for-9m\/\" \/>\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=\"2020-02-19T15:30:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-28T08:12:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/CrossTrax-Self-Storage--e1582120825169.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"985\" \/>\n\t<meta property=\"og:image:height\" content=\"740\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lucia Morosanu\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/charlotte-self-storage-asset-trades-for-9m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/charlotte-self-storage-asset-trades-for-9m\/\",\"name\":\"Charlotte Self Storage Asset Trades for $9M - 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