PRESS RELEASE: York, PA – December 20, 2018
Locally owned and operated Investment Real Estate, LLC (IRE) announces the sale of Monroe Storage Services for an undisclosed price to a private equity group. Monroe Storage Services is located on North Black Horse Pike in Williamstown, which is in Gloucester County.
The property is comprised of eleven buildings and opened in 2005. The facility consists of more than 570 storage units with more than 150 of those units being temperature controlled, and includes land for a future expansion. Monroe Storage Services features a 1,000+/- SF rental office on site. The property is highly visible and easily accessible from Route 42 with an average of 28,000 vehicles daily, and is less than two miles from the Atlantic City Expressway.
Monroe Storage Services benefitted from a pro-active owner and has been maintained to a high level. The facility is comprised of 9.9 acres of commercial zoned land. Property improvements include perimeter fencing with keypad entry gate, security cameras, asphalt drive aisles and a property manager on-site seven days a week.
Kevin Bledsoe, VP of Brokerage for Investment Real Estate, says, “We’ve known the owners of Monroe Storage Services for many years. They’re not only great people, but they’ve become good friends. We were happy to help them over the last few years by providing operations recommendations for improving their property’s value. The owners’ hard work resulted in many offers for the acquisition of their storage facility, and Investment Real Estate was happy to play a part in their success.”
For more information, contact Jess Dubbs, Director of Marketing.