PRESS RELEASE: York, PA – August 20, 2014 – Atlantic Self Storage in Woodbridge, Virginia
Investment Real Estate, LLC announces the sale of Atlantic Self Storage in Woodbridge, Virginia. Woodbridge is located in Prince William County, 20 miles south of Washington, D.C.
Situated on 1.8 acres, the single story drive-up facility has security cameras, electronic gate, fencing and concrete driveways. It includes 215 units, a rental office and an apartment. The facility opened in 1986 and the office and apartment were renovated in 2008. Located on Reddy Drive, just 1 block from the busy Jefferson Davis Highway, the surrounding area has seen tremendous growth in new housing in recent years. This property has been a beneficiary of that growth, as it has always remained a steady performer.
The property sold for $2,500,000 and was acquired as part of a 1031 Tax Deferred Exchange with a regional self storage operator. John E. Barry of Investment Real Estate, LLC represented both the seller and the buyer in this transaction.
For more information, contact Jess Dubbs, Director of Marketing.