RUSTON, LA— Matthews™, a commercial real estate investment services and technology firm, completed the sale of Stor-A-Way Mini Storage located at 915 E Georgia Avenue in Ruston, Louisiana. Matthews™ Senior Vice President & Director, Austin McLeod, and Associate Vice President Hunter Reynolds, represented the seller in the transaction.

 

The seller brought the self-storage facility, which spans 77,895 net rentable square feet, to market following a series of capital improvements and a retirement-driven decision to transition out of ownership. Matthews™ worked closely with the seller to provide updated valuation guidance ahead of launch and executed a structured marketing process that prioritized certainty of close once under contract, as well as delivering top of market pricing.

 

Matthews™ executed a targeted marketing process that generated multiple offers within the first few weeks of launch. Clear pricing expectations were established upfront, and early competition helped drive a smooth, high-certainty process through closing.

 

“This was a well-prepared asset brought to market with a clear objective,” Reynolds said. “By generating early competition and maintaining tight communication, we were able to achieve a smooth closing and a result that exceeded our client’s expectations.”

 

The buyer, a Minnesota based self-storage operator expanding its footprint across Louisiana and the Southeast, was sourced directly through Matthews™ relationships. The buyer plans to continue operating the facility and implement rental rate increases to better align in-place performance with market levels.

 

For more information, please contact Austin McLeod and Hunter Reynolds or visit www.matthews.com.

 

About Matthews™

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 25+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.