York, PA – June 9, 2016 Locally owned and operated Investment Real Estate, LLC announces the sale of ABC Self Storage for $780,000 to a private investor. ABC Self Storage is located just off Route 124 on East Pattison Street in York, Pennsylvania, which is about 25 miles south of Harrisburg.
ABC Self Storage consists of more than 150 storage units within 2 single story buildings. The property boasts excellent visibility from Route 124 (Prospect Road) in the heart of York city, with high daily traffic counts of over 7,500. The property opened in 2003, has an on-site rental office and sits on almost one acre of industrial zoned land. Property improvements include paved driveways, exterior lighting, fenced perimeter with two automated security gates with key-card access and a new website. Investment Real Estate has been involved in this property since its inception.
IRE performed the initial feasibility study, sold the land and approvals to another buyer, assisted with the construction and then brokered the sale of the property to the most recent Seller. This is now the third time that IRE has sold the property and they are happy to report that each owner made a handsome profit on their sale! IRE hopes the new buyer will continue this trend.
Kevin Bledsoe, Brokerage Advisor for Investment Real Estate, says, “We had two ownership groups with properties that were located within a few miles of each other and both had interest in selling. Additionally, we have an active buying group who are growing their footprint in Central PA. The sellers understood that they had a unique opportunity to cooperate on the sale of their properties with one buyer, which in turn created unique value for both the buyer and sellers. IRE has built a great relationship with all three parties involved and we were happy to create a win-win-win scenario for everybody.”
ABOUT INVESTMENT REAL ESTATE, LLC Since our inception in 1998, Investment Real Estate, LLC has specialized solely in the self storage industry, including Brokerage, Construction, Management and Development. We travel thousands of miles each year, meeting and getting to know clients in the markets we serve, networking at various industry associations and functions, while developing our reputation as the go-to source for information in the self storage industry. We are the #1 Broker of Self Storage in the Mid-Atlantic and Northeast States. For more information, please visit www.irellc.com.