Charlotte, North Carolina (May 2019) – Appaloosa Real Estate Partners has acquired Glenn Storage Center located at 124 Patrick Rd. in Gastonia, NC. The self-storage facility is situated on 4.8 acres of land and is comprised of 102 self-storage units, 28 outdoor parking spaces, 12 covered RV and boat parking spaces and a 2,500 square foot office/industrial flex space.
“We are excited about the significant job and population growth that Gaston County is experiencing. We are pleased to make this acquisition and highlight our long term commitment to this market. We view this property as a key addition to our self storage portfolio,” said Brian Miller, Partner at Appaloosa Real Estate Partners. The property is located in close proximity to downtown Gastonia and offers easy access to Belmont and Lake Wylie.
Glenn Storage Center was built in 1991 and is currently 97% occupied. Appaloosa plans to expand the property by constructing additional storage units and rental parking.
About Appaloosa Real Estate Partners
Appaloosa Real Estate Partners, based in Charlotte, NC, is a vertically integrated commercial real estate investment firm that specializes in the development, acquisition and management of self storage properties throughout the Southeastern U.S. AREP’s mission is to deliver exceptional value for customers in the communities within which it operates while generating superior risk-adjusted returns for its investors. Appaloosa’s principals have $40 billion in executed commercial real estate and corporate transaction experience. Investments are capitalized through partnerships with accredited investors. Learn more at www.appaloosarep.com.