Charlotte, North Carolina (March 2021) – Appaloosa Real Estate Partners successfully negotiated the sale of Glenn Storage Center for $1,875,000. The property is located at 124 Patrick Road in Gastonia, NC.
“It was a pleasure to work with the buyer on this recent transaction, said Brian Miller, Partner.” ‘This storage facility is a great property in a prime location.”
Appaloosa acquired Glenn Storage Center in 2019 and executed a performance improvement value add and expansion strategy on the property. “We are excited about the returns we were able to deliver, said Mr. Miller. We look forward to further opportunities in Gaston County.”
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.St. 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.