IRE Announces the Sale of Hillside Self Storage
Investment Real Estate, LLC announces the sale of Hillside Self Storage, located in Andover, CT to a private buyer. The property is 23,550 square feet and offers 100% Occupancy, under market rates, financial upside, significant management upside, and Pride of Ownership.
Justin Quinto, Brokerage Advisor for Investment Real Estate, says, “This was a fairly straightforward transaction with only a few twists and turns along the way. The sellers are a wonderful folks who are local to the area. This was a husband and wife team that took great pride in the ownership of their facility. Whenever I visited the property over past several years, it was evident that the sellers took great care of both the property and their customers. This type of dedication allowed for a smooth transaction. The buyer was able to add a great asset to his portfolio and the sellers were able to achieve their retirement goals. A successful transaction for all parties!”.
The property features ground floor units for easy accessibility, outdoor parking for commercial vehicles, cars, boats, or RV’s, dusk to dawn lighting, paved drive surfaces, security surveillance, and 24-hour gate access. The facility had an average occupancy of 100% upon sale!
ABOUT INVESTMENT REAL ESTATE, LLC
Since our inception in 1998, Investment Real Estate, LLC has specialized solely in the self-storage industry, including Brokerage, Construction, Management and Development. We travel thousands of miles each year, meeting and getting to know clients in the markets we serve and networking at various industry associations and functions, while developing our reputation as the go-to source for information in the self-storage industry. We are the #1 Broker of Self Storage in the Mid-Atlantic and Northeast States. Our company remains locally owned and operated and is guided by the core values of doing the right thing; being enthusiastic, engaged, and competitive; working hard; working smart; having fun; and being compassionate and authentic. For more information, please visit https://irellc.com/.