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| Aerial of North Lanier Boat & RV Storage, near Lake Sidney Lanier, Forsyth County, GA |
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| Judith Bennett |
ATLANTA, GA – 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.”
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| Michael Bull |
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.”
For a complete
copy of the company’s news release, please contact:
Savannah Duncan
The Wilbert Group
O: 404.343.0870
C: 404.901.4433
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