IRE Announces the Sale of Townline Self Storage
Investment Real Estate, LLC announces the sale of Townline Self Storage, located in Derby, CT to a private buyer. The property offers significant management upside and expansion opportunities, coming in at 30,900 square feet and 100% occupancy.
Justin Quinto, Brokerage Advisor for Investment Real Estate, says, “The sellers were referred to IRE due to our reputation as a full service brokerage firm. After meeting with the sellers and their team in person, IRE was able to secure multiple off market offers for them. Our valuation process and industry knowledge prepared the sellers for the sale resulting in an accepted offer in less than 5 days. The buyer, a private investor, and his team worked hand in hand with IRE and the sellers throughout the entire process. The end result was very smooth transaction for all parties allowing the sellers to move on to the next phase in their lives. IRE wishes them all the best in their retirement and the babysitting of all their grandchildren. “
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 fencing, and 24 hour gate access. The facility had an average occupancy of 100% upon sale!
The private owner, says, “A business colleague recommended IRE based on a very positive past experience and am I glad they did! Justin Quinto was very knowledgeable, professional and always immediately responsive as we worked our way through the sales process. His guidance and expertise proved to be invaluable in finalizing requirements to facilitate the closing”.
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/.