Hardyston, NJ - Linda Cinelli, CCIM, of LC Realty, announced the sale of Advanced Self Storage, a two-facility portfolio located in Hardyston and Vernon, NJ. The Hardyston property was comprised of 287 units and 24,227 RSF plus 5,400 SF of office/retail. The Vernon property offered 37,556 RSF. Both locations enjoyed occupancy in the high-90% range, which gave the buyers the confidence to purchase the portfolio. New Jersey-based Grand Storage and Ohio-based Five Star Store It purchased the portfolio for $6,800,000. They recognized that these two facilities would complement their existing portfolio as they begin to expand into the New Jersey market.
Linda Cinelli, CCIM specializes in self storage brokerage and is the Northern New Jersey and New York City representative of the Argus Self Storage Sales Network. Based in Denver, Colorado, the Argus Self Storage Sales Network (ASSSN) was formed in 1994 to assist owners and investors of self storage with their real estate needs. Through the years, Argus has assembled a network of real estate brokers experienced in self storage and income property investments. Now the largest self storage brokerage network in the United States, the ASSSN has 38 Broker Affiliates covering nearly 40 markets with a total transaction history of over $2 Billion. These brokers are able to meet the needs of self storage investors and owners whether it is acting as a buyer’s agent or listing and marketing a property. For more information call 1-800-55-STORE or visit Argus-SelfStorage.com.