Preparing to Purchase a Self Storage Facility, Part 1:
Building Your Team of Professionals,
Before You Start Looking for Properties

Preparing to Purchase a Self Storage Facility, Part 1:<br />Building Your Team of Professionals,<br />Before You Start Looking for Properties

In the last few years, self storage has become an increasingly popular investment, in great part because returns over the last 15 years averaged 15.43% per year. Compared to some investments, self storage also seems easier to understand with less moving parts. With approximately 83% of self storage facilities owned by “Mom & Pop” operators, [...

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IRE Announces the Sale of A+ Self Storage in Gettysburg, PA

IRE Announces the Sale of A+ Self Storage in Gettysburg, PA

PRESS RELEASE: York, PA – May 25, 2017 – Sale of A+ Self Storage in Gettysburg, PA Investment Real Estate, LLC announces the sale of A+ Self Storage for $1,625,000 to a private investment group. A+ Self Storage is located in Gettysburg, PA in Adams County. A+ Self Storage consists of two locations and was built in […]

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Preparing to Buy a Self Storage Facility

Preparing to Buy a Self Storage Facility

Preparing to Buy a Self Storage Facility Making the Right Investment Strategy Are you preparing to buy a self storage facility? In the last few years, self storage has become an increasingly popular investment, in great part because returns over the last 15 years averaged 15.43% per year. Compared to some investments, self storage also […]

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IRE Announces Sale of Chestnut Mill Storage in Souderton, PA

IRE Announces Sale of Chestnut Mill Storage in Souderton, PA

PRESS RELEASE: York, PA – March 23, 2017 – Sale of Chestnut Mill Storage in Souderton, PA Investment Real Estate, LLC announces the sale of the Chestnut Mill Storage for $1,350,000 to a private investor. Chestnut Mill Storage is located in Souderton, PA in Montgomery County. Chestnut Mill Storage consists of one building which was converted to self...

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Preparing to Place Your Self Storage Business for Sale

Preparing to Place Your Self Storage Business for Sale

“Buy low, sell high.” It’s a maxim that we are all familiar with, but fail to apply. The real estate market typically follows predictable cycles every 7-10 years. Property values reach an all time high, hold steady for a short time, then the market levels off and eventually crashes. Understanding the various stages of this […]

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IRE Hires Vicki Hinson as Controller

IRE Hires Vicki Hinson as Controller

PRESS RELEASE: York, PA – February 28, 2017 – IRE Hires Vicki Hinson as Controller Investment Real Estate, LLC announces the hiring of Vicki Hinson as Controller. Vicki joined IRE in January and works directly with Joe Braun, CFO. She is responsible for managing the daily accounting functions for the Investment Real Estate Group of Companies, inclu...

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Introduction to Revenue Management

Introduction to Revenue Management

What is revenue management? Simply put, it means thinking about how to maximize rental rates while maintaining high occupancy levels. Many facilities have a tenant who’s been there for the last 15 years, and is paying significantly less than street rates (what a new tenant would pay, based on your current prices). You don’t want […]

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IRE Promotes Jason Carl to Director of Operations

IRE Promotes Jason Carl to Director of Operations

PRESS RELEASE: York, PA – February 14, 2017 – IRE Promotes Jason Carl to Director of Operations John Gilliland, President & CEO of Investment Real Estate, LLC proudly announces the appointment of Jason Carl to Director of Operations. Mr. Carl started with the company as a Property Manager and most recently held the position of District Manager....

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IRE Hires George Hatchard as Brokerage Advisor

IRE Hires George Hatchard as Brokerage Advisor

PRESS RELEASE: York, PA – February 2, 2017 – IRE Hires George Hatchard as Brokerage Advisor Investment Real Estate, LLC announces the hiring of George Hatchard as Brokerage Advisor. George is responsible for self storage brokerage activity including listings, sales, buyer representation, due diligence, financial analysis and feasibility studies for...

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IRE Announces Sale of Storage Concepts in Hamburg, NJ

IRE Announces Sale of Storage Concepts in Hamburg, NJ

PRESS RELEASE: York, PA – November 11, 2016 – Sale of Storage Concepts in Hamburg, NJ Investment Real Estate, LLC announces the sale of Storage Concepts for $5,942,000 to a private investment group. Storage Concepts is located in Hamburg, NJ in Sussex County, and was sold as part of a three property portfolio. Storage Concepts is comprised of three...

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IRE Announces Sale of CNS Self Storage in Egg Harbor, NJ

IRE Announces Sale of CNS Self Storage in Egg Harbor, NJ

PRESS RELEASE: York, PA – November 11, 2016 – Sale of CNS Self Storage in Egg Harbor, NJ Investment Real Estate, LLC announces the sale of CNS Self Storage for $2,125,000 to a private investor. CNS Self Storage is located in Egg Harbor, NJ in Atlantic County. CNS Self Storage is comprised of six single story buildings with […]

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IRE Announces Sale of Storage Concepts in Dingmans Ferry, PA

IRE Announces Sale of Storage Concepts in Dingmans Ferry, PA

PRESS RELEASE: York, PA – October 27, 2016 – Sale of Storage Concepts in Dingmans Ferry, PA Investment Real Estate, LLC announces the sale of Storage Concepts for $3,213,000 to a private investment group. Storage Concepts is located in Dingmans Ferry, PA in Pike County, and was sold as part of a three property portfolio. Storage Concepts has three...

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IREC Completes Expansion at Moove In Self Storage in Quarryville, PA

IREC Completes Expansion at Moove In Self Storage in Quarryville, PA

PRESS RELEASE: York, PA – October 20, 2016 – IREC Completes Expansion at Moove In Self Storage in Quarryville, PA Investment Real Estate Construction, LLC (IREC) announces the completion of the final phase at Moove In Self Storage in Quarryville, PA. Moove In Self Storage is located in Lancaster County, PA, on Lancaster Pike (Route 272) in [...

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IREM Hires Julie Casella as Property Manager

IREM Hires Julie Casella as Property Manager

PRESS RELEASE: York, PA – October 6, 2016 – IREM Hires Julie Casella Investment Real Estate Management, LLC (IREM) has hired Julie Casella as Property Manager. Julie joined IREM in August 2016 and is responsible for managing the Quarryville, PA location of Moove In Self Storage. Her duties include daily operations of the self storage facility [...

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IRE Announces Sale of Storage Concepts in Middletown, NY

IRE Announces Sale of Storage Concepts in Middletown, NY

PRESS RELEASE: York, PA – September 29, 2016 – Sale of Storage Concepts in Middletown, NY Investment Real Estate, LLC announces the sale of Storage Concepts for $5,345,000 to a private investment group. Storage Concepts is located in Middletown, NY in Orange County, and was sold as part of a three property portfolio. Storage Concepts consists of fi...

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IRE Announces Sale of Rick’s Storage in Batavia, NY

IRE Announces Sale of Rick’s Storage in Batavia, NY

PRESS RELEASE: York, PA – September 22, 2016 – Sale of Rick’s Storage Investment Real Estate, LLC announces the sale of the Rick’s Storage for $440,000 to a private investment group. Rick’s Storage is located on Route 5 in Batavia, which is in Genesee County, New York. Rick’s Storage consists of six single story buildings with over 115 [...

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IRE Promotes Kevin Bledsoe to VP of Brokerage

IRE Promotes Kevin Bledsoe to VP of Brokerage

John Gilliland, President & CEO of Investment Real Estate, LLC proudly announces the appointment of Kevin Bledsoe to the position of Vice President of Brokerage. Mr. Bledsoe will head the company’s brokerage sales operation. His responsibilities include property sales, due diligence, financial analysis, feasibility studies and overseeing the sa...

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IRE Announces Sale of Lanco Mini Storage

IRE Announces Sale of Lanco Mini Storage

PRESS RELEASE: York, PA – September 1, 2016 – Sale of Lanco Mini Storage Investment Real Estate, LLC announces the sale of the Lanco Mini Storage for $7,325,000 to a private investment group. Lanco Mini Storage is located on the east side of Lancaster city, in Lancaster County, PA. Lanco Mini Storage consists of eight […]

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IREM Hires Trish Romano as Property Manager

IREM Hires Trish Romano as Property Manager

PRESS RELEASE: York, PA – August 4, 2016 Investment Real Estate Management, LLC (IREM) has hired Trish Romano as Property Manager. Trish joined IREM in May 2016 and is responsible for managing the Moove In Self Storage located in Newton, NJ. Her duties include daily operations of the self storage facility which consist of renting […]

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Most Important Things to Consider Before Hiring a General Contractor to Build Your Storage Facility

Most Important Things to Consider Before Hiring a General Contractor to Build Your Storage Facility

Congratulations! You’ve completed feasibility studies for your new self storage development, and decided on how to fund it. After poring over trade magazines to decide on the right building design, layout and colors, you’ve reached the point where you’re ready to find the general contractor (GC) who’s going to build your storage facility. If this [...

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Curb Appeal…It’s Important! Part 2: Branding, Signage, Fresh Marketing for Self Storage

Curb Appeal…It’s Important! Part 2: Branding, Signage, Fresh Marketing for Self Storage

Curb Appeal…It’s Important! Part 2: Branding, Signage, Fresh Marketing for Self Storage In our last blog on Curb Appeal – Part 1: Fencing, Lighting, Landscaping and More – we reviewed how the appearance of your property can affect a current or potential customer – everything from the fencing to the storage doors. You know, the stuff […]

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Curb Appeal…It’s Important for Self Storage Marketing! Part 1: Fencing, Lighting, Landscaping and More

Curb Appeal…It’s Important for Self Storage Marketing! Part 1: Fencing, Lighting, Landscaping and More

Curb Appeal…It’s Important for Self Storage Marketing! Part 1: Fencing, Lighting, Landscaping and More You often hear the phrase, “Make a Good First Impression”, and that rings true for the appearance of your self storage facility more than you may realize. In this two-part blog on Curb Appeal, we’ll review the items that need to […]

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Interested in Expanding or Developing a Site? Part 2: Financing a Self Storage Project

Interested in Expanding or Developing a Site? Part 2: Financing a Self Storage Project

Interested in Expanding or Developing a Site? Part 2: Financing a Self Storage Project In Part 1, we talked about the first step you should take when considering expanding or developing a site – the Feasibility Study. In Part 2, we will go over what you need to know about financing a self storage project and finding the right […]

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Self Storage Unit Laws & Legislation Updates and How They Can Affect You

Self Storage Unit Laws & Legislation Updates and How They Can Affect You

Self Storage Unit Laws & Legislation Updates and How They Can Affect You With so many bills, both state and national, constantly being introduced in our legislatures, it can be next to impossible to keep up with all of them. Many of these bills being debated probably won’t directly affect your life. However, this is […]

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Interested in Expanding or Developing a Site? Part 1: Self Storage Feasibility Study

Interested in Expanding or Developing a Site? Part 1: Self Storage Feasibility Study

Interested in Expanding or Developing a Site? Part 1: Self Storage Feasibility Study One of the biggest concerns we hear about from self storage facility owners is a competitor breaking ground in their market. It’s easy to panic when you’ve toughed out the last five years and another facility has opened – soon they’ll be […]

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Benefits of Having an On-Site Property Manager

Benefits of Having an On-Site Property Manager

Benefits of Having an On-Site Property Manager So, you own one or more self storage properties. You constantly think (or worry) about revenue, expenses, unit occupancy, delinquencies, budgets, capital improvements…and the list goes on and on. Because you are on owner, you can’t really escape these things. However, you can make your life less stress...

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Why Are Self Storage Cap Rates Used To Value Properties?

Why Are Self Storage Cap Rates Used To Value Properties?

In our previous blog on Cap Rates, we provided the definition of a Cap Rate and explained how Cap Rates are used to determine the value of a self storage facility. We would like to continue this topic by helping readers understand why we use self storage Cap Rates to identify property values. First, self […]

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What Is Self Storage Insurance and Why Should I Require It at My Store?

What Is Self Storage Insurance and Why Should I Require It at My Store?

If you are new to the industry and have just purchased your first property or are looking to purchase your first property, you may not know the answer to this question. Maybe you have heard about it and are wondering how self storage insurance differs from typical insurance like homeowners or vehicle. Or, you could […]

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IRE Ranks in CPBJ’s “Book of Lists 2014”

IRE Ranks in CPBJ’s “Book of Lists 2014”

CPBJ publishes its “Book of Lists” every year in January, this year being Volume 30. This book is full of useful data to help business owners and consumers make better purchasing decisions. As a business owner, you can find areas of opportunity for future product development. Readers also use the “Book of Lists” to locate […]

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IRE Offers 315 Unit Storage Facility Near Reading, PA

IRE Offers 315 Unit Storage Facility Near Reading, PA

Investment Real Estate (IRE) announces the availability of a storage facility for sale, Leesport Self Storage located at 81 Ashley Way in Leesport, Pennsylvania. The facility opened in 2005. It sits on 3.68 acres of land zoned for IC-Industrial/Commercial use. Public water and sewer connects to the property. The storage facility for sale offers a n...

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