PRESS RELEASE: York, PA – August 17, 2017 – Moove In Self Storage Acquires Spare Room Self Storage in Lancaster, PA
Locally owned and operated Moove In Self Storage has expanded their portfolio by acquiring Spare Room Self Storage from Southwest Real Estate, LLC and Lampeter Properties, LLC. This acquisition included one store on Columbia Avenue in Lancaster and one on Longfellow Drive in the Lampeter area of Lancaster County.
These two stores added more than 350 storage units and an additional 43,000 SF of storage to the portfolio, which now stands at 19 locations throughout York, Lancaster and Huntingdon Counties in PA, Baltimore County in MD and Sussex County in NJ, and is managed by Investment Real Estate Management, LLC.
The property on Columbia Avenue was built in 2003 and consists of one two story building with all interior access temperature control storage units with an on-site rental office. Property improvements include security cameras, dusk to dawn lighting and keypad entrance.
The property on Longfellow Drive was built in 2006 and consists of seven single story buildings with mostly drive up access storage units as well as more than 25 interior temperature control units. Property improvements include security cameras, dusk to dawn lighting, perimeter fencing and keypad entrance.
When asked about the acquisition, Jason Carl, Director of Operations for Investment Real Estate Management, LLC, says, “We are excited to expand our Lancaster County footprint with two new stores. Both were managed well and in excellent physical condition with high occupancies, making the transition to Moove In a smooth one. It was obvious from day one that the prior owner took great care of these properties.” He continues, “We’re also thrilled to serve the southeastern part of Lancaster County, where we previously had no stores, and continue providing the best storage experience for the entire Lancaster County community and beyond.”
For more information, contact Jess Dubbs, Director of Marketing.