A two-property A+ Self Storage portfolio in Gettysburg, Pa., was sold for $1.6 million to a private investment group that owns several facilities in the area. Built in phases from 1989 to 2008, the properties at 1865 Baltimore Pike and 1880 Highland Ave. Road sit on a combined 14 acres. The sites contain 12 single-story buildings containing more than 270 units as well as 20 outdoor parking spaces. The rental office at the Baltimore Pike location includes a retail space with a long-term tenant. The property has approval for an additional 15,300 square feet of storage space. The seller was represented in the transaction by Investment Real Estate, LLC.
About Investment Real Estate, LLC.
Since its inception in 1998, IRE has provided brokerage, construction, development and management services to self storage owners and investors.