Investment Real Estate Expands with Acquisition of State-of-The-Art Self Storage Facility in Allentown, Pa.
YORK, Pa. — Sept. 3, 2024 — Investment Real Estate LLC (IRE) today announced the acquisition of a newer, state-of-the-art storage facility at 4344 Charcoal Drive in Allentown that will now be part of its Moove In Self Storage portfolio.
“This acquisition is a key investment opportunity that fits seamlessly with our strategic objectives,” said Tim Bolla, IRE’s chief investment officer. “The Moove In Self Storage Allentown location represents a valuable addition to our portfolio and underscores our commitment to investing in high-quality, strategically located assets. Given its modern features and prime location, we are confident that this facility will perform exceptionally well. We aim to rapidly increase occupancy through targeted marketing and exceptional service, ensuring it becomes a preferred storage solution in the region.”
The facility, which opened in October 2023, includes 850 temperature-controlled units across 80,716 net rentable square feet. Currently 31% occupied, IRE aims for 90% occupancy within 27 months, offering multiple move in promotional discounts, including up to one month of free rent to attract new tenants. Situated along Route 222 with high visibility, Moove In Self Storage Allentown is surrounded by residential and retail developments, including major national retailers.
ABOUT MOOVE IN SELF STORAGE
Since our first facility opened in 1998, Moove In Self Storage has expanded to more than 80 locations in the Mid-Atlantic, Northeast and Midwest regions. We offer drive-up, interior access and climate-controlled self storage units in a variety of sizes, outdoor parking spaces at many locations, and a full retail shop in every rental office. Moove In remains a locally operated company guided by its core values: do the right thing; be enthusiastic, engaged and competitive; work hard and work smart; be positive; be compassionate and authentic; and have fun and celebrate success. For more information, visit https://moovein.com.
###
CONTACT
Jill Helsel Gingrich, La Torre Communications for Moove In Self Storage
