The Storage Acquisition Group Announces the Sale of Petra Storage Solutions in Opelika, Alabama

Closing Announcement for Petra Storage Solutions

The Storage Acquisition Group today announced the sale of Petra Storage Solutions in Alabama. The facility is located at 501 N. 26th Street in Opelika. The sale was finalized on Aug. 3, 2018.

The sale was managed by David Spencer[1], a Vice President of the group, and President and CEO, Cowles M. “Monty” Spencer, Jr[2].

The newly built facility totals 75,000 gross square feet and has 459 storage units. The property offers a variety of climate controlled units, loading docks, elevators, state of the art security, video surveillance, and more.

Excellently located just off of heavily traveled Alabama State Route 14 and US Highway 280, the facility has superior position and visibility. Additionally, the city of Opelika belongs to one of the fastest growing small MSA’s in the nation. With a robust manufacturing sector, nearby Auburn University and countless accolades praising the city’s business-friendly environment, all signs point to Opelika’s continued growth.

About The Storage Acquisition Group

The Storage Acquisition Group is the premier agency for owners of self-storage facilities or portfolios presently considering opportunities for acquisition. Recognized across the industry for its owner-friendly acquisition process and providing fair market values with the lowest possible transaction costs to the owner, The Storage Acquisition Group prides itself on an open and communicative process. With decades of combined transactional experience and an integrated network of industry related consultants, the group is equipped to offer solutions on even the most complex transactions. To learn more about The Storage Acquisition Group’s unique model, visit http://thestorageacquisitiongroup.com. The Storage Acquisition Group is a division of Mid-Atlantic Commercial Real Estate located at 110 Mid-Atlantic Place in Yorktown, VA 23693.

[1] David Spencer is Vice President of The Storage Acquisition Group and a Realtor with Keller Williams Realty Metro Atlanta.

[2] Cowles M. “Monty” Spencer, Jr. is President and CEO of The Storage Acquisition Group, a division of Mid-Atlantic Commercial Real Estate.

*Broker of Record is Connor Farmer of Highpointe Properties, LLC in Pelham, AL.

Source: The Storage Acquisition Group


Categories: Real Estate

Tags: Mergers, Petra Storage Solutions, Self Storage Facility Acquisition, Self Storage Facility Sale, Self Storage News


About The Storage Acquisition Group

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The Storage Acquisition Group is an industry leading expert at identifying and acquiring strategically located assets throughout North America. We are the premier buyer for one of the largest private owners of self-storage in the world.

Monty Spencer
The Storage Acquisition Group
The Storage Acquisition Group
110 Mid Atlantic Place
Yorktown, VA 23693
United States