PRESS RELEASE: York, PA – February 13, 2020
Locally owned and operated Investment Real Estate, LLC (IRE) announces the sale of Lebanon Self Storage for to a private buyer. Lebanon Self Storage is located on North Lincoln Avenue in Lebanon, Pennsylvania in Lebanon County. The facility is located just north of Route 422, which is the main thoroughfare in the area.
Kevin Bledsoe, VP of Brokerage for Investment Real Estate, says, “The seller had put a lot of energy into buying, expanding and operating his facility since the property’s inception. We were thrilled to get a great offer for our client from one of the top regional operators in the Northeast. Additionally, we were happy to play a part in helping expand the buyer’s growing self storage portfolio at the same time.”
The facility opened in 2001, and features over 310 drive up access self storage units, totaling more than 40,000 NRSF, as well as some outdoor parking spaces. Lebanon Self Storage is comprised of over 5 acres of manufacturing zoned land, including nine storage buildings. The property features a paved drive surface, perimeter fencing and gated keypad access, with an apartment and an on-site rental office.
The seller, Bob, states, “The property went under agreement quickly and we ended up selling very close to IRE’s valued price. I was very happy to sell the property at the proposed price. And, despite a few bumps in the road (through no fault of IRE), the IRE Team helped us overcome and get the sale to the finish line.”
For more information on self storage for sale in PA or on this property, contact Jess Dubbs, Director of Marketing.