Self Storage in Newport, NC, Sold

Griffis All-Stor Mini Storage, located in Newport, NC, was sold in March to a regional investor. The 25,500 net rentable square foot self-storage facility commanded a sales price very near asking price at over $41 per RSF.
Dale C. Eisenman, CCIM of Midcoast Properties, Inc. a leading self storage broker in the Southeast had the listing to market the property.
Griffis All-Stor Mini Storage was opened around 1996. The facility has 224 traditional self-storage units along with outdoor parking on 3.7 acres and enjoys occupancy of 90%. It consists of five self storage buildings with a rental office.

Midcoast Properties, Inc. is a leading broker of commercial real estate in the Southeast focusing on the Self Storage industry. Brokerage services are available in North Carolina, South Carolina, Georgia and Alabama. The firm’s focus is to be a valuable resource to self storage owners, buyers, industry members and investors.