PRESS RELEASE: York, PA – March 3, 2016 – Aunt Kitty’s Kubbyholes in Westminster, MD
Investment Real Estate, LLC announces the sale of Aunt Kitty’s Kubbyholes located in Carroll County, Maryland. Aunt Kitty’s is located in Westminster, approximately 25 miles northwest of Baltimore, MD.
Kevin Bledsoe of Investment Real Estate represented the seller and the buyer in the sale. The property sold this month for $1.28 million to a private self storage operator. This single story facility built in 1996, was in excellent condition and was over 90% occupied at the time of sale. The property consists of 12,550 square feet and holds 90 storage units. Situated on 1.53 acres, Aunt Kitty’s Kubbyholes features electronic gates and paved drive aisles. The property enjoys great visibility from Route 26.
Kevin Bledsoe, Brokerage Advisor for Investment Real Estate, states, “The seller built the property on a parcel that had been in his family for several generations and it held a lot of sentimental value. Thankfully, we were able to bring the seller several strong offers, and the pool of buyers varied from seasoned self storage veterans to first time storage operators. The winning bid came from a local investor who’s new to the self storage industry but he had been interested in a self storage investment for some time. We were happy to bring both parties together to complete the transaction.”
For more information, contact Jess Dubbs, Director of Marketing.