Shoregate Partners, LLC, an Easton, MD based investment group is pleased to announce the acquisition of a 1,130-unit, 3-property self-storage portfolio for $11,400,000.
Shoregate was represented by Brandon Heaver of SVN | Miller Commercial Real Estate and the Seller by Mike Patterson of Commercial Realty Services of West Georgia. Initially only two sites were marketed, but the Buyer’s agent was able to procure a third, larger site through a creative structure that solved a financing issue encumbering the additional property.
Shoregate’s Principals have more than 20 years of combined experience managing more than 1,000,000 SF of commercial real estate between several states. The company’s hands-on approach to the evaluation, valuation, and management of assets throughout the country has led to their rapid growth over the past several years.
Shoregate is actively seeking to acquire scale in warehouse and self-storage assets throughout the Mid-Atlantic and Southeast United States. Property owners are encouraged to reach out to Brandon Heaver at SVN | Miller, if interested in selling. Brandon can be reached at brandon.heaver@svn.com or 443.214.6376.
