CONTACT US
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Cushman & Wakefield Arranges $5.25M Sale of Stop & Shop Portfolio

5/28/2020
Cushman & Wakefield has arranged the $5.25 million sale of three Stop & Store self-storage facilities located in Dillsburg, York and Dover, Pennsylvania. 

Stop and store york

Mike Mele, Robert Bloch and Noah Obuchowski of Cushman & Wakefield’s Self-Storage Advisory Group represented the seller, an individual private owner, in the transaction.

Ideal Property Group acquired the properties, which combined total a total of 94,976 net-rentable square feet and are 75.6% physical occupancy. The opportunity offered the potential for a new investor to improve the facilities by bringing in an onsite management team, divergent to the previous owners off-site management structure.

“While the effects of the current economic environment have slowed institutional deals, private client deals are still closing,” Mele said. “Now more than ever private clients are seeking the stability and security of the self-storage sector."

“In these challenging times Cushman & Wakefield made the sales process smooth by being responsive and easily available, which enabled us to keep the deal on track,” said Jason Gherghel, Managing Principal of Ideal Property Group.

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on  Cookies

More Options
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS