Diversified real estate firm 10 Federal is looking to tear down a former strip club in Graham, N.C., and build a self-storage facility in its place. If approved, it’ll be the company’s second location in the city.
Plans for the 6.7-acre property at 1579 Bakatsias Lane include five storage buildings. 10 Federal purchased the site in December from David Morton, who had acquired it in 2016. “I bought it and cleaned it up, and I am 99 percent sure I already have it sold,” Morton said at the time. “I got tired of looking at it, sitting there on the side of the highway.”
Dockside Dolls was closed in 2006. At the time, the club was being investigated for illegal activity, and owner Jerry Golding was facing a nuisance-abatement lawsuit filed by Alamance County, according to the source.
Last month, 10 Federal opened a new facility in Raleigh, N.C. The five-story property is in the historic Five Points neighborhood, a cluster of suburban developments that were built in the early 1920s. The company also recently acquired two properties in Durham and Lowell, N.C.
Based in Raleigh, N.C., 10 Federal acquires, develops and manages multi-family and self-storage properties in North Carolina. It has 11 self-storage facilities in its portfolio. Integrating technology into its operation is a core tenet of the business, according to the company website.
The Times-News, Former Dockside Dolls Building to Be Torn Down