10C — August 11 - 24, 2017 — Pennsylvania — M id A tlAntic
Real Estate Journal
www.marejournal.com
P ennsylvania Property consists of more than 230 self storage units Investment Real Estate, llC announces sale of Parkway storage in Wilkes-Barre, PA
IlKEs-BARRE, PA — Lo c a l l y owned and operat- ed Investment Real Estate, llC (IRE) announced the sale of Parkway Storage for $1.36 million to Self Storage Station, owned and operated by a local investment group. Parkway Storage is located in Luzerne County on Sans Sou- ci Parkway, Wilkes-Barre. The property consists of more than 230 self storage units in ten single story buildings and is situated on over 3.5 acres of commercial- combination zoned land. W
Parkway Storage
Equity Retail Brokers executes the sale of 212 W. oregon Ave. Phila. PhIlADElPhIA, PA — Kurt Rumley of Equity Retail Brokers recently represented the buyer in the sale of 2129 W. Oregon Ave in Philadelphia. The one-acre property con- sists of 10,000 s/f of retail and ,000 s/f of office space. The buyer owns neighboring South Philadelphia Shopping Center, which includes a strong mix of tenants includ- ing Shop Rite & Ross Dress for Less. The investment sales team at Equity Retail Brokers has the experience, resources, and know-how to ensure you will get the highest price for your asset. n george hatchard , bro- kerage advisor for IRE, says about the sale, “The sellers were wonderful to deal with. This property has been in their family over 50 years with self storage added in the late 90s. We were able to get them the price they desired and closed, start to finish, within six months.” n Parkway Storage offers both drive-up and interior heated storage units, rentable ware- house space, two small retail offices and an after-hours lounge. The site includes a perim- eter fence with an electronic access gate, asphalt drive- ways, interior and exterior lighting and an on-site prop- erty manager. Parkway Stor- age opened the first building in 1995 with subsequent phases completed over the next few years. At the time of sale, the property boasted 95% occupancy.
C REATING V ALUE T HROUGH E XPERIENCE
S ALES & L EASING | T ENANT R EPRESENTATION | D EVELOPMENT P ROPERTY M ANAGEMENT | A CQUISITION | D ISPOSITION C ONSTRUCTION M ANAGEMENT | S TRATEGIC P LANNING
120 N. P OINTE B LVD ., S UITE 301 L ANCASTER , PA 17601
1200 G REENSPRINGS D RIVE Y ORK , PA 17402
(717) 569-9373
WWW .LMS-PMA. COM
Made with FlippingBook - Online Brochure Maker