883-unit self-storage portfolio in Cecil County sells for $18.8M

A four-property self-storage portfolio in Cecil County has just sold to an investment group for $18.8 million. The deal is the latest in the rural Elkton and North East market where new development of industrial and residential projects is underway, and growth is on the rise. The buyer was Boundary Ventures LLC and the seller was Acorn Investment Co. It is also the latest in the red-hot self-storage market that has posted strong growth across the U.S. over the past two years.