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Dover, PA Self Storage Facility Sold for $1.5 Million

Dover, PA Self Storage Facility Sold for $1.5 Million
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Fox Run Self Storage in Dover, Pa., was sold for $1.5 million to a private investor. The property at 4411 Fox Run Road consists of five single-story buildings containing more than 220 drive-up storage units. It also includes 20 outdoor parking spaces. Opened in 2007 on nearly 6.5 acres of land, the facility was previously managed by appointment from a remote location 15 miles away. Property improvements by the seller include a chain-link fence, keypad access, lighting, paved driveways and video cameras.

“This is a very nice property that was fully occupied at the time of the sale. This is the second time we have listed and sold this property. We wish the new buyer the same or greater success with the property that the seller has experienced,” said John H. Gilliland, CEO and president of IRE, which represented the seller in the transaction.

About IRELLC

Since its inception in 1998, IRE has provided brokerage, construction, development and management services to self storage owners and investors.

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