ATLANTA – Bull Realty has brokered the $2.3 million sale of North Lanier Boat & RV Storage, a popular facility in Forsyth County, Ga., near Lake Sidney Lanier. Judith Bennett, senior vice president in Bull Realty’s National Self-Storage Group, was the only broker on the transaction. The seller, First Citizens Bank & Trust Co., foreclosed on the property in June 2012. The unidentified buyer is expected to spend over $50,000 on property upgrades.
“Judith did an outstanding job of securing and negotiating this sale between the seller and buyer,” said Michael Bull, president and founder of Bull Realty. “The property is well positioned for future success, and Judith was able to capitalize on that and produce a deal that holds value for both buyer and seller.”
Located less than three miles from Georgia 400, the 8.5-acre, 497-unit North Lanier Boat & RV Storage totals 121,277 square feet. Meridian Management Group, which managed the property for First Citizens, has been retained by the new owner.
“The area around this facility experienced high-paced residential and commercial growth until the middle of 2008,” Bennett said. “Now, with the improving economy, that growth is returning, and North Lanier will benefit immensely from that activity.”
Bull Realty Inc (www.BullRealty.com) is a U.S. commercial real estate sales and advisory firm headquartered in Atlanta. The firm was founded 15 years ago with two primary missions: 1) to provide a company of stellar integrity and reputation, and 2) to provide the best commercial real estate marketing in the nation.
About the Broker:
Judith Bennett is focused on assisting clients in the acquisition and disposition of self-storage facilities in the southeast U.S. As senior vice president with the National Self Storage Group, Judith leverages her expert knowledge of the self storage market and Bull Realty’s marketing platform and databases to provide clients the best disposition and acquisition services in the nation.
The South Bronx native graduated from Columbia University. She is a member of the Atlanta Commercial Board of Realtors, a Candidate member of the Georgia Chapter of CCIM, and a member of both ICSC and Georgia Self Storage Association.