Kwik’N Self Storage near Tyrone, Pa., was sold to a local self-storage investor for $315,000. The facility, which is currently 94 percent occupied, covers 6,600 square feet and has 54 drive-up exterior units. The sale also included land and the approval to build an additional 19,800 square feet of self-storage. It is not clear if the facility will be rebranded.
The property is on Old Route 220, southeast of Tyrone and approximately 20 miles southwest of State College, which is home to Penn State University.
John H. Gilliland, president of Investment Real Estate LLC (IRE), represented both the seller and the buyer in the transaction. IRE provides self-storage brokerage, construction, feasibility and consulting services in the Northeastern and Mid-Atlantic states.