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Franklin Street Arranges Sale Hybrid Facility in North Carolina

Franklin Street Self-Storage announced the sale of First Flight Storage, a 17,753-net-rentable-square-foot, 115-unit, non-climate-controlled self-storage facility in Goldsboro, N.C. Franklin Street represented the seller, North Carolina-based Goldsboro Storage Partners LLC, and the buyer is North Carolina-based Kennon Craver PLLC. 

Built between 2009 and 2020, the facility represents the most recent expansion update and has a low saturation rate of 7.4 square feet per capita within a three-mile radius. Additionally, the facility is remotely managed by part-time employees through management software and site maintenance, allowing the new owner to purchase a well-occupied, remotely managed operation that provides cash flow from day one.

In addition to traditional storage, the facility offers “secure outdoor parking for all types of vehicles including RVs, campers, boats, cars, trucks, work trucks and ATVs,” according to the company’s website.

Situated on 13.06 acres at 185 North Carolina 581 S, First Flight Storage is conveniently located within a mile of national retailers, including Walmart Supercenter, T-Mobile and Dollar Tree. 

The Franklin Street Self-Storage Investment Sales team led by Senior Directors Frank DeSalvo and David Perlleshi brokered the transaction. 

“I highly recommend Frank and David for their remarkable teamwork, market insight and ability to guide a deal to a successful conclusion. This is my second time working with them, and I’m very pleased with their persistent approach and unwavering commitment to their clients,” said Mark Foushee with Goldsboro Storage Partners LLC. 

Founded in 2006 during one of the toughest real estate climates, Franklin Street focused on delivering value-added solutions to meet the evolving needs of clients. Through a collaborative philosophy of leveraging the resources, expertise, and experience of each of its lines of business, Franklin Street has grown to include seven business divisions – Investment Sales, Tenant and Landlord Representation, Capital Advisory, Insurance, Property Management and Project Management. With $7 billion in transaction value across all major product types, Franklin Street offers unmatched value and optimal solutions for clients nationwide. Headquartered in Tampa, Fla., the firm has teams located in top markets throughout the country and works with owners and occupiers of commercial real estate nationwide. Learn more at FranklinSt.com.

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