Thursday, October 3, 2013

Bull Realty Brokers $2.3 Million Sale of North Lanier Boat & RV Storage in Georgia

  
Aerial of North Lanier Boat & RV Storage, near Lake Sidney Lanier,  Forsyth County, GA


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.”

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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