Iron Gate Self Storage in Littlestown, Pa., recently sold for $280,000. The property at 4836 Baltimore Pike consists of 7,200 gross square feet of storage space and 55 units. It opened in 1998 with one building, with a second added in 2002. The facility sits on 1.2 acres that includes an asphalt pad for outside parking and a 150-square-foot rental office. It's located along Baltimore Pike (Route 97), a main north/south artery serving Littlestown, a borough in Adams County.
Recent site improvements include two single-story metal buildings with screw-down metal roofs from Heritage Building Systems, a paved entrance, gravel driveways, exterior lighting, and a keypad-operated automatic gate. The property also includes a billboard that’s leased to Trone Outdoor Advertising through mid-2017.
Investment Real Estate LLC, , a York-Pa.-based brokerage firm that specializes in the self-storage industry, brokered the transaction. Founded in 1998, the company also provides construction, management, consulting and development services to industry owners and investors.