REBusinessOnline

HFF Arranges $5.4M Sale of Suburban Philadelphia Self-Storage Property

Riverline-Self-Storage-Cinnaminson-NJ

Located at 1714 Bannard St. in Cinnaminson, N.J., Riverline Self Storage features 381 climate-controlled storage units.

CINNAMINSON, N.J. — HFF has brokered the sale of Riverline Self Storage, a self-storage facility located at 1714 Bannard St. in Cinnaminson, a suburb of Philadelphia. Saratoga Springs, N.Y.-based Prime Group purchased the 381-unit property for $5.4 million. The two-building property totals 63,539 rentable square feet, with the property’s 381 climate-controlled units totaling 36,586 rentable square feet and occupying portions of both two-story buildings. The remaining 26,953 square feet is occupied by a combination of office, retail and warehouse tenants. Richard Schontz and Barbara Guffey of HFF represented the seller, a local private investor, in the transaction.

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