Storage Concepts in Hamburg, N.J., was sold as part of a three-property portfolio for $5.9 million to a private investment group. The property at 3490 State Route 94 comprise three single-story buildings containing more 320 units, which includes outdoor parking spaces. Opened in 2002 and expanded in 2005, it sits on more than 7 acres. The other two properties in the portfolio are in New York and Pennsylvania. The buyer and the seller were represented in all three transactions by Investment Real Estate LLC (IRE), a self-storage real estate firm.
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.