Supnick Real Estate Brokers the Sale of Self Storage Facility in Cherry Hill, NJ

Mount Laurel, NJ, September 18, 2010 --(PR.com)-- Supnick Real Estate brokered the sale of a self storage facility located in Cherry Hill, NJ. Jeff Supnick of Supnick Real Estate represented the seller. The property was a short sale, with the 48,000 sq ft net rentable facility selling for $1,750,000. The project was a turn key sale with the opening to the public scheduled currently.

The sellers were a group of self storage developers from New Jersey. The buyers were the Hampshire Company a diversified real estate holding company with ten self storage locations within the state of New Jersey.

According to Supnick, the sale represents a sign that there is opportunity in the market. The firm expects to see activity picking up for both stabilized self storage investment opportunities as well as distressed properties.

Supnick Real Estate is a full service firm offering advisory and brokerage services to the self storage industry. Additional information can be obtained by calling (856) 722-1414.

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