{"id":1004459896,"date":"2020-07-01T04:56:48","date_gmt":"2020-07-01T12:56:48","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004459896"},"modified":"2025-02-27T01:02:43","modified_gmt":"2025-02-27T09:02:43","slug":"midcoast-properties-brokers-north-carolina-storage-deal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/midcoast-properties-brokers-north-carolina-storage-deal\/","title":{"rendered":"Midcoast Properties Brokers North Carolina Storage Deal"},"content":{"rendered":"
\"\"<\/a>

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

Midcoast Properties has finalized the disposition of Leland Self Storage, a 54,625-net-rentable-square-foot property in Leland, N.C. Ultimate Storage Co. sold the property to a private investor for $6 million, according to public records. President Dale Eisenman and Associate Broker Michael Morrison negotiated the deal on behalf of both parties. The new owner financed the purchase with a $2.3 million loan from Bank Five Nine. The mortgage is set to mature in 2051 and carries a variable interest rate.<\/p>\n

Located on a 2-acre parcel at 1218 W. Gate Drive, the four-story building opened its doors in 2018. The facility features 492 all climate-controlled units, ranging from 25 to 300 square feet. The property has an on-site manager, security cameras, two elevators, digital keypad locks, truck rentals and moving supplies. Situated close to The Shops at West Gate along U.S. Route 17, the site is 10 miles west of downtown Wilmington. There are at least five other self storage facilities within a 3-miles radius.<\/p>\n

In March, Eisenman and Morrison also brokered the disposition of Edisto Storage Express<\/a>, a 168-unit property in Orangeburg, S.C. Live Oak Bank originated a $1.1 million acquisition and development loan for the buyer.<\/p>\n

If you\u2019d like to be featured in Brokers\u2019 Corner, simply fill in <\/em>our short form<\/em><\/strong><\/a> or send your deal to <\/em>deals@cpe-mhn.com<\/em><\/strong><\/a>.<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"

Dale Eisenman and Michael Morrison assisted both parties in the $6 million transaction.<\/p>\n","protected":false},"author":867,"featured_media":1004365520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742],"tags":[34667,34662],"class_list":["post-1004459896","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","tag-dale-eisenman","tag-midcoast-properties"],"acf":[],"yoast_head":"\nMidcoast Properties Brokers North Carolina Storage Deal - 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\/midcoast-properties-brokers-north-carolina-storage-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Midcoast Properties Brokers North Carolina Storage Deal\" \/>\n<meta property=\"og:description\" content=\"Dale Eisenman and Michael Morrison assisted both parties in the $6 million transaction.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/midcoast-properties-brokers-north-carolina-storage-deal\/\" \/>\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=\"2020-07-01T12:56:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-27T09:02:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/CPE-Brokers-Corner-827x400.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"827\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\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\\\/midcoast-properties-brokers-north-carolina-storage-deal\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/midcoast-properties-brokers-north-carolina-storage-deal\\\/\"},\"author\":{\"name\":\"Pavel Cazacu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/caac04e9f88552f7c898ba456c2498d8\"},\"headline\":\"Midcoast Properties Brokers North Carolina Storage Deal\",\"datePublished\":\"2020-07-01T12:56:48+00:00\",\"dateModified\":\"2025-02-27T09:02:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/midcoast-properties-brokers-north-carolina-storage-deal\\\/\"},\"wordCount\":229,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/midcoast-properties-brokers-north-carolina-storage-deal\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/11\\\/CPE-Brokers-Corner-827x400.jpg\",\"keywords\":[\"Dale Eisenman\",\"Midcoast Properties\"],\"articleSection\":[\"Deals\",\"Investment\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/midcoast-properties-brokers-north-carolina-storage-deal\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/midcoast-properties-brokers-north-carolina-storage-deal\\\/\",\"name\":\"Midcoast Properties Brokers North Carolina Storage Deal - 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