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Investment Real Estate Brokers Sale of PA Self-Storage Facilities

Investment Real Estate recently brokered the sales of two Pennsylvania self-storage facilities to first-time industry buyers.

Storage World, a self-storage facility in Lewisberry, Pa., was recently sold to a first-time self-storage owner. The 22,800-square-foot facility with 202 units was 71 percent occupied at the time of sale, and included 2,470 square feet in office/apartment space. John Gilliland and Jason Kolivoski of Investment Real Estate LLC brokered the transaction for seller and buyer.
In addition, Smith Country Storage, a 6,400-square-foot storage facility in Huntingdon, Pa., was sold to a first-time industry buyer. The property consists of 44 units on almost 3 acres and was 98 percent occupied at the time of sale. Gilliland brokered the transaction with Nancy Mitchell, also of IRE.
IRE offers self-storage brokerage, construction and property-management services in the Northeast and mid-Atlantic states.

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