Iron Gate Self Storage in Hamburg, Pa., was sold for $340,000 to a private investor who owns a nearby storage facility. The buyer plans to use the site as a satellite property, according to a press release from Investment Real Estate LLC (IRE), the firm that represented the seller in the transaction. Sitting on less than an acre, the facility at 395 Woodland Road is about 20 miles north of Reading, Pa. It opened in 1992 and consists of three single-story buildings with more than 70 drive-up units. Prior to the sale, it was managed by appointment via a remote location.
About Investment Real Estate LLC (IRE)
Since its inception in 1998, IRE has provided brokerage, construction, development and management services to self storage owners and investors.