PRESS RELEASE: York, PA – October 4, 2018
Locally owned and operated Investment Real Estate, LLC (IRE) announces the sale of the Easton Public Storage for $1,105,000 to a private investor. Easton Public Storage is located on Sullivan Trail in Easton, Pennsylvania, Northampton County, which is in Northampton County and part of the Lehigh Valley.
The facility opened in 1997 and offers over 230 drive up and interior access storage units as well as more than 40 outdoor parking spaces. Easton Public Storage is comprised of 2.57 acres of commercial zoned land. The facility is located along the well-traveled Sullivan Trail with an estimated daily traffic count of 7,600 vehicles.
George Hatchard, Brokerage Advisor for Investment Real Estate, says, “The seller lives in Montana, so all of our conversations were over the phone. By visiting the site and understanding his operation, I was able to show him a custom marketing plan that matched his goals and expectations. He knew early on that IRE was the best choice to sell his facility.”
The property is comprised of four buildings with an on-site rental office and operates as a U-Haul dealer. Property features include asphalt driveways, perimeter fencing, interior and exterior lighting, a video surveillance system and 24/7 access. Easton Public Storage was 72% occupied at the time of the sale but was just 51% economic occupancy.
George continues, “The buyer owns a self storage facility in the area and was a perfect fit to purchase this facility. He and his team were experienced in the due diligence process, which kept the deal moving along. He and the seller were equally enjoyable to work with on this transaction.”
The seller, Charlie Byrne, commented, “As an out of state seller, I wasn’t sure what to expect, but George handled all the details, kept the sale process moving forward and all the parties involved. In addition, he was there for all the critical inspections, which saved us a lot of travel and time. He brought everyone together for a successful closing. We would highly recommend George and his firm, Investment Real Estate, LLC. It was a pleasure working with them.”
For more information, contact Jess Dubbs, Director of Marketing.