PRESS RELEASE: York, PA – October 23, 2019
Locally owned and operated Investment Real Estate, LLC (IRE) announces the sale of the Whirlwind Storage Portfolio for an undisclosed amount to a private equity group. Whirlwind Storage has two locations in West Virginia, one on Self Storage Drive, just off Teays Valley Road in Hurricane in Putnam County, and the other on Hansford Street in Charleston in Kanawha County.
Yevgeni Kaniayev, Brokerage Advisor for Investment Real Estate, says, “I was happy to introduce a private equity buyer to the Charleston and Hurricane, West Virginia markets. This transaction shows the confidence larger operators are beginning to have in secondary markets that offer excellent self storage product and strong demand measurables.”
The facility in Hurricane opened in 2012, and the one in Charleston opened in 2017. The portfolio features over 790 drive up access and temperature controlled self storage units, totaling more than 84,000 NRSF. Whirlwind Storage, located in Hurricane, is comprised of nearly eleven acres of light industrial zoned land, including twelve storage buildings with both drive up and temperature-controlled units, perimeter fencing and an electronic gate, as well as room for expansion. The location in Charleston is comprised of more than one acre of land including five storage buildings with all temperature-controlled storage units. Both locations are operated from an office on site.
The seller, Tom Good, commented, “Yevgeni and IRE did an outstanding job. They are very professional and responsive. Yevgeni was very personable and understood my needs as a seller. I would highly recommend using their services.”
For more information, contact Jess Dubbs, Director of Marketing.