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IRE Announces Sale of Monroe Storage Services in Williamstown, NJ

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December 20, 2018

Investment Real Estate, LLC announces the sale of Monroe Storage Services for an undisclosed price to a private equity group. Monroe Storage Services is located on North Black Horse Pike in Williamstown, which is in Gloucester County.
 
The property is comprised of eleven buildings and opened in 2005. The facility consists of more than 570 storage units with more than 150 of those units being temperature controlled, and includes land for a future expansion. Monroe Storage Services features a 1,000+/- SF rental office on site. The property is highly visible and easily accessible from Route 42 with an average of 28,000 vehicles daily, and is less than two miles from the Atlantic City Expressway.
 
Monroe Storage Services benefitted from a pro-active owner and has been maintained to a high level. The facility is comprised of 9.9 acres of commercial zoned land. Property improvements include perimeter fencing with keypad entry gate, security cameras, asphalt drive aisles and a property manager on-site seven days a week.
 
Kevin Bledsoe, VP of Brokerage for Investment Real Estate, says, “We’ve known the owners of Monroe Storage Services for many years. They’re not only great people, but they’ve become good friends. We were happy to help them over the last few years by providing operations recommendations for improving their property’s value. The owners’ hard work resulted in many offers for the acquisition of their storage facility, and Investment Real Estate was happy to play a part in their success.”

 

ABOUT INVESTMENT REAL ESTATE, LLC
Since our inception in 1998, Investment Real Estate, LLC has specialized solely in the self storage industry, including Brokerage, Construction, Management and Development. We travel thousands of miles each year, meeting and getting to know clients in the markets we serve and networking at various industry associations and functions, while developing our reputation as the go-to source for information in the self storage industry. We are the #1 Broker of Self Storage in the Mid-Atlantic and Northeast States. Our company remains locally owned and operated and is guided by the core values of doing the right thing for our clients; being enthusiastic, energetic, tenacious and competitive; driving the miles, working hard and smart; having fun; and being caring, compassionate and authentic. For more information, please visit https://irellc.com/.

 



Contact:
Jess Dubbs, Director of Marketing
jdubbs@irellc.com
717-779-0804