Skip to main content

Press Releases

Marcus & Millichap Announces the Sale of Old Town Self Storage in North Carolina

March 08, 2023

WINSTON-SALEM, North Carolina, March 8, 2023 – Marcus & Millichap Real Estate Investment Services of North Carolina, Inc. (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Old Town Self Storage, a 7,200-square-foot self-storage facility located in Winston-Salem, North Carolina.

Gabriel Coe, Brett R. Hatcher and Nathan Coe, investment specialists in Marcus & Millichap’s Columbus office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. Ben Yelm, North Carolina Broker of Record, assisted in closing this transaction.

“This was sold to an out-of-state first time buyer on a 1031 exchange,” said Gabriel Coe, the lead agent involved. “The buyer will benefit by building and quadrupling the property size with the room to expand and a very strong location.”

Old Town Self Storage is located less than three miles away from Wake Forest University in Winston-Salem, North Carolina. The facility was built in 1995, was expanded in 1996, and added climate-controlled units in 2022 to go with the 75 non-climate-controlled units and 40 outdoor parking spaces that were previously available.


#     #     #

About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2022, the company had 1,904 investment sales and financing professionals in 81 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 12,272 transactions in 2022, with a sales volume of approximately $86.3 billion. For additional information, please visit

MM Texture Background