Ironclad Self Storage in Chapel Hill, N.C., recently sold for just more than $3.1 million to Amerco Real Estate. The transaction for the 42,370-square-foot facility closed May 1. The buyers also purchased an adjacent five acres, which were not included in the sale, with the intent to use them for facility expansion. It is unclear if the facility will be rebranded.
The facility is at 102 Vickers Road, just off a U.S. Routes 15 and 501 in Chapel Hill, which is home to the University of North Carolina.
R.J. "Joey" Godbold of Percival McGuire Commercial Real Estate and the Argus Self Storage Sales Market brokered the sale on behalf of the original owners.
Based in Denver, Argus was formed in 1994 to assist self-storage owners and investors with their real estate needs. The company has broker affiliates covering nearly 40 U.S. markets.