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Self Storage Station annouces the acquisition of Parkway Storage in Wilkes-Barre, PA
The self storage firm, Self Storage Station is owned and operated by a Pennsylvania-based investment group

July 24, 2017: Established in the year 2008 by four friends, Self Storage Station, which manages eight self-storage facilities in Northeast Pennsylvania, has recently purchased Parkway Storage in Wilkes-Barre, Pa., for $1.36 million. 

The 3.5-acre property at 1266 Sans Souci Parkway comprises 10 single-story buildings containing more than 230 climate-controlled and drive-up units. The site also includes rentable warehouse space, two retail offices and an after-hours customer lounge.

According to a press release from Investment Real Estate LLC (IRE), the York, Pa.-based real estate firm that brokered the transaction, the property had been in the seller’s family for more than 50 years. The storage facility was built in 1995, and several phases have been added since. The business was 95 percent occupied at the time of sale.