2C — January 11 - 24, 2019 — Pennsylvania — M id A tlantic

Real Estate Journal


P ennsylvania WMCP Holdings, LLC purchases 2,400 s/f office space Alderman of NAI CIR reps. seller in 86,000 s/f building sale


ECHANICSBURG, PA — The 86,000 s/f building located at

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200 Lambs Gap Rd. in Me c h a n i c - s bu r g ha s been sold to L a n c a s t e r County Bi- ble Church from Patton Recreational

200 Lambs Gap Rd.

Marisol Chase 781.740.2900 x. 203 marisol@marejournal.com

Daniel Alderman

Properties. Daniel Alderman of NAI CIR , represented the seller. The 2,400 s/f office space located at 220 Cumberland Parkway in Mechanicsburg has been sold to WMCP Hold- ings, LLC. Aldermanrepre- sented the seller.  HARRISBURG, PA — Marcus &Millichap announced the sale of Storhouse at Paxton St., a 57,806 s/f self-storage facility located in Harrisburg. Michael Mele, Robert Bloch and Noah Obuchows- ki , self-storage investment specialists in Marcus & Millic- hap’s Tampa and D.C. offices,

220 Cumberland Parkway

Marcus & Millichap secures the sale of a Harrisburg self-storage facility totaling 57,806 s/f


had the listing to market the 598-unit facility on behalf of the seller. The buyer was also secured and represented by Mele, Bloch and Obuchowski. Anthony Palumbo, broker, assisted in closing this trans- action. “This transaction, I think more than most, is testament

to our understanding of the market for storage assets,” Bloch said. “We were able to achieve a low cap rate for the seller in a third-tier market, by demonstrating a clear path to higher revenue. There was still sufficient runway for the buyer to achieve the results that they were seeking.” 

February: Owners and Managers Deadline: 1/25 March: Developers Deadline: 2/22 April: SIOR Deadline: 3/29 May: CREW Deadline: 4/26 June: Green Buildings Deadline: 5/31 July: Builders and Contractors Deadline: 6/21

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CONTACT MARISOL TODAY!  781.740.2900 marisol@marejournal.com

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