Lackawanna County Self Storage Portfolio Closes with 97% Occupancy
Investment Real Estate, LLC announces the sale of Peckville and Olyphant Self Storage 2 Property Portfolio to a private buyer. The 2 properties consist of 480 Self Storage units across the portfolios over 68,000 net rentable square feet. The Peckville property is in Blakely county and the Olyphant property is in Lackawanna county, Pennsylvania.
Matt Rosendale, Brokerage Advisor for Investment Real Estate, says, “It was a pleasure to assist the seller in the sale of the self-storage asset. The attention to detail and pride of ownership was evident at every corner of these facilities. The buyer is getting a fantastic asset to add to their portfolio.”
The private owner, says, “It was a pleasure to work with Investment Real Estate in the purchase of Peckville and Olyphant Self Storage. Matt Rosendale, Rick Hansberry, and the IRE team helped create a smooth and seamless transaction.”
The properties feature temperature controlled and traditional storage units ranging in size from 5′ x 5′ to 10′ x 32′, outdoor parking for commercial vehicles, your car, boat or RV. Dusk to dawn lighting, paved drive surfaces, security fencing, a rental office and gate access. The facilities had an average occupancy of over 97% 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/.