PRESS RELEASE: York, PA – December 19, 2019
Locally owned and operated Investment Real Estate, LLC (IRE) announces the sale of A Storage Inn for an undisclosed price to a private investment group. A Storage Inn is located in Indiana, Pennsylvania on Shelly Drive in White Township, which is in Indiana County. The facility is located just a mile west of Indiana University of Pennsylvania.
Kevin Bledsoe, VP of Brokerage for Investment Real Estate, says, “The selling group has investments in many real estate spaces and this was their only self storage asset. Due to the ever increasing and aggressive appetite of self storage investors in today’s market, it was a no-brainer for the sellers to test the market. We were able to secure many competitive bids, find the right buyer, and complete the sale in a timely manner for our seller.”
The facility opened in 1985, and features over 410 drive up access and temperature controlled self storage units, totaling more than 44,000 NRSF, as well as several outdoor parking spaces. A Storage Inn is comprised of over two and a half acres of commercial/industrial zoned land, including eight storage buildings. The property has significant management upside through the implementation of remote management programs, revenue management, tenant insurance, website enhancement, and Search Engine Optimization that will drive traffic to the property. The property features a paved drive surface, perimeter iron fencing, gated keypad access, an on-site rental office with an on-site apartment, and a history of high occupancy over 90%.
For more information on self storage for sale in PA or on this property, contact Jess Dubbs, Director of Marketing.