Middletown, PA — Marcus & Millichap announced the sale of Londonderry Storage, a 49,250 s/f self-storage facility located in Middletown, according to Grant Fitzgerald, regional manager of the firm’s Columbus office.
Nathan Coe, Brett R. Hatcher and Gabriel Coe, investment specialists in Marcus & Millichap’s Columbus office, had the listing to market the property on behalf of the seller, a limited liability company. Sean Beuche, Pennsylvania broker of record and regional manager assisted in closing this transaction.
Nathan Coe, the lead broker on the transaction, said, “I am very excited to announce the sale of Londonderry Self Storage in the Harrisburg, Pennsylvania market. It was a tremendous process all around. We had several offers at and above list price and this traded above list price, which is a testament to this property and to how strong the current self-storage investment market is. I am thrilled for the seller and his family. The buyers were great to work with as well and they are adding this asset to a fast-growing self-storage portfolio.”
Londonderry Storage has two locations 0.3 miles apart in Middletown, Pennsylvania. The two facilities combined feature 371 non-climate-controlled units, totaling 49,250 net rentable s/f. The facility was originally built in 1999 and expanded on an adjacent parcel in 2003.