IRE Announces the Sale of Sharpsville, Hermitage, and Grove City Self Storage Portfolio

areal view of storage unit property

IRE Announces the Sale of Sharpsville, Hermitage, and Grove City Self Storage Portfolio

Grove City Self Storage Portfolio Closes with 99% Occupancy

Investment Real Estate, LLC announces the sale of Sharpsville, Hermitage, and Grove City Self Storage Portfolio, located in Northwestern PA, to a private buyer. The property offers 82,024 square feet, an impressive 99% Occupancy, under market rates, financial upside, significant management upside, and Pride of Ownership.

Matt Rosendale, Brokerage Advisor for Investment Real Estate, says, “IRE was excited to work with the sellers as they entrusted us with the sale of their three-property portfolio.  When we started the sales process, the seller told me he wanted a broker who would take a hold of the entire process. It was a pleasure to be that broker and help them ease closer to retirement in warmer climates. The buyer, a private investor, and his team were easy to work with and they have added three great properties to their portfolio”

The private owner, says, “Matt was a pleasure to work with, and was instrumental in creating a positive experience for us throughout the entire sales process.  I was looking for a self-storage broker that would handle the entirety of the transaction.  Matt did not disappoint and took on virtually every part of the transaction and ensured that we got to the settlement table.  He was also in constant communication with us to ensure we were informed every step of the way.  Matt is a consummate professional and I would recommend him to anyone considering selling their self-storage asset.””.

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 99% 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/.