PRESS RELEASE: York, PA – September 26, 2019
Locally owned and operated Investment Real Estate, LLC (IRE) announces the sale of the A to Z Storage portfolio for $12,200,000 to an investment group. The portfolio is located in the towns of Easthampton, Northampton and Southampton, MA.
A to Z Storage includes five properties with more than 930 storage units and nearly 124,000 SF of storage. The five properties are all located within a three-mile radius on Easthampton Road in Northampton, Industrial Parkway and Coleman Road in Easthampton, and College Highway in Southampton, and were run out of a rental office at 165 Northampton Street.
Justin Quinto, Brokerage Advisor for Investment Real Estate, says, “As the premier operator of self storage in the Northampton, Easthampton and Southampton areas, the sellers are a family operation who built all five facilities from the ground up starting back in the 1980s. As reflected by their high occupancies, this portfolio generated large interest from perspective buyers and IRE was able to bring multiple offers to the table. After successfully navigating through some twists and turns, buyer and seller completed a successful transaction. We are thrilled the sellers put their trust in IRE and are extremely pleased to have helped the sellers accomplish their goals.”
A to Z Storage was built in 1986 through 2011 and consists of thirty-three total buildings with traditional drive-up access storage units. All five properties have been well maintained and perimeter fencing and electronic keypad gate access.
The seller, Melissa P., commented, “Working with Investment Real Estate has been nothing less than a pleasurable experience. The Team at IRE is knowledgeable, dedicated and impeccably professional. From opinion of value to fully executing the sale, I always felt as if I were their only customer because of their dedication.”
For more information, contact Jess Dubbs, Director of Marketing.