The co-owners of a Zippy Shell Inc. moving and self-storage franchise in the Louisville, KY, area purchased a 13.7-acre industrial property to consolidate the franchise’s regional operations.
The franchise co-owners, Chip Ridge and Jason Kron, bought the former Coca-Cola bottling and distribution plant for $1.2 million, according to Insider Louisville. The property, at 1661 W. Hill St., has sat vacant for a couple of years.
Ridge says Zippy Shell will occupy only about 60,000 square feet at the three-building, 317,700-square-foot property, whose original structure dates back to 1947. The remainder of the space is expected to be leased to tenants being recruited by Ridge and Kron. Ridge and Kron opened their Zippy Shell business in the Louisville area in May 2016.
The Coca-Cola complex was auctioned off. Bidding started at $599,000. Gant Hill and Robert Wang, both of Louisville, KY-based Gant Hill & Associates LLC, represented the seller, Charlotte, NC-based Coca-Cola Bottling Co. Consolidated.
Cleveland, OH-based Compass Self Storage, part of the Amsdell family of companies, purchased self-storage facilities in Georgia and Pennsylvania.
The Georgia facility, at 3464 Stone Mountain Highway in the Atlanta suburb of Snellville, encompasses about 58,000 rentable square feet. The facility previously operated as American Storage Center. J.L. “Chip” Mack III, a partner at Atlanta, GA-based McWhirter Realty Partners LLC, represented Compass Self Storage in the Snellville deal.
The Pennsylvania facility, at 2404 Nicholson Road in the Pittsburgh suburb of Sewickly, is a certificate-of-occupancy project. The facility, completed in October 2017, features seven buildings on more than 5.6 acres. The 340 non-climate-controlled and 182 climate-controlled units cover 51,488 rentable square feet.
SkyView Advisors, a Tampa-based self-storage real estate firm, represented Compass Self Storage in the Pittsburgh deal.