Pinpoint Commercial Real Estate announced today that is has closed on the sale of Storage Zone located at 189 Country Place Parkway, Pearl, MS 39208. With frontage on Interstate 20, the 38,000 square foot self storage asset sits on approximately on 2.30 acres. The complex was approximately 85% leased at the time of the transaction.
Pinpoint’s Sam Cox represented the Buyer, Pearl Self Storage, LLC. Dearman Storagezone, LLC was the Seller.
“We were very pleased to source this off market opportunity through local relationships,” Cox said. “I was aware of this opportunity and had a relationship with a group out of Louisiana who recently found their niche in the self-storage arena. After underwriting the deal with our client, we were able to agree on terms with the Seller. The facility was well maintained and we were extremely happy to help our client grow their portfolio”.
Pinpoint specializes in representing entities, both locally & nationally, in locating the best place in the market to invest with their commercial real estate venture. With our extensive knowledge of the Mississippi real estate market, we know we can add value to your company by selecting the best real estate sites and real property available for acquisitions. While having a national broker has its perks, a local agent can uncover off-market investment opportunities and understand how to overcome certain obstacles. We encourage & foster cooperation with numerous national broker who understands the value that a local broker brings to the table and we truly enjoy working with all of the partner clients. For more information on the service that was provided on this transaction click here.