The self storage facility has been sold for $1.9M
July 23, 2015: Established in the year 1999 in New Jersey, Storage Station has acquired and rebranded several storage facilities in New Jersey and New York, recently sold its only New York property to a private investment group for $1.9 million.
The sold facility has four buildings totaling 24,750 square feet of storage space in 224 units and the property features include keypad access, metal roofs and perimeter fencing.
According to a press release from Investment Real Estate LLC (IRE), the real estate investment group that brokered the transaction and manages the Storage Station portfolio, the seller received many offers, and the property sold close to the asking price.
John H. Gilliland, president of IRE, said that, “The seller had a great run in the storage industry, and we were happy to connect him with a buyer who’s actively growing a portfolio of properties in the northeast. The sale was a win-win for both parties”.
The establishment of IRE's in 1998 has provided brokerage, construction, development and management services to self-storage
owners and investors.
Visit: http://www.insideselfstorage.com/ for more information.
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