Brian Cunningham with Coldwell Banker Commercial Elite is pleased to announce the sale of a 48,000 square foot commercial building for $2.425 million. The property located at 12220 Five Mile Rd was purchased by Five Mile Storage, LP who plans to redevelop the building into a Class A climate and non-climate controlled self-storage facility.
The property has been operated by Patricia and John Slater as a Skating Rink/Multi-Use facility under the name Golden Skateworld and originally Slapshotz, which opened in 2001. Over the past 15 years the facility has hosted roller hockey, indoor soccer, gymnastics, open-skatesThe long-time skating facility finally closed its doors on Oct. 2 and sold off the remainder of sports related equipment and other miscellaneous items.
The Buyer, Five Mile Storage LP, is a partnership between Ziff Properties and Reliant Real Estate Management, LLC who have teamed up on the redevelopment project. They plan to develop an 118,000-square-feet s facility that will have 1,072 units and also provide space for RV and boat parking.
Reliant is a self-storage development and property-management firm that has partnered with Ziff on other redevelopment/repurposing projects.
“One of their specialties is breathing new life into old,” Pollock said of Ziff. “We’ve done 18 or 19 of these types of things. We’ve done skating rinks and supermarkets and made them look really nice. That’s our specialty.”
About Ziff Properties
Ziff Properties is an entrepreneurial real estate firm with a focus on the southeastern United States. We are engaged in the acquisition, ownership and operation of shopping centers and other select multi-tenant commercial real estate opportunities. www.zpi.net
About Reliant Real Estate Management, LLC
Reliant Real Estate Management, LLC is a self-storage development and management firm. In 2007, Lewis Pollack, formed an affiliated management company, HAT Management, LLC (HAT) to perform property management services for StoreSmart Self Storage affiliated properties and to third party owners. In 2011, HAT evolved into Reliant Real Estate Management, LLC with the partnership between Lewis Pollack and Todd Allen. Reliant currently manages 21 properties in six (6) states with 65 field employees. It is anticipated that Reliant Management will continue to grow at a steady pace over the next year due to its internal development and acquisition pipeline which includes sites in Arkansas, Florida, Georgia, Illinois, North Carolina, South Carolina, Texas and Virginia.