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Self-Storage Facility

Pittsburgh Self Storage Conversion

1341 McLaughlin Run Rd, Pittsburgh, PA 15241

Listing Price: $1,600,000

Number of Units
246
Occupancy
1.0%
Gross SF
32,950
Rentable SF
20,149
Price/Rentable SF
$79.41
Year Built
2022

Investment Overview

The Pittsburgh self-storage conversion project is a unique opportunity to acquire and develop a 2-story facility in the Pittsburgh MSA. The project is fully entitled as a self-storage conversion that would include 32,950 GSF, which includes a second floor. The project would convert to 20,599 NRSF of self storage, which includes both levels. While the first two stories are fully entitled, current ownership is working with the municipality to allow the addition of 3rd and 4th floors, bringing the total NRSF to 40,479. The market supports strong demographics, and rental rates, in an affluent market within Pittsburgh.

Investment Highlights

  • Approved 32,950 GSF self-storage conversion opportunity
  • Approved 20,599 NRSF fit out plans
  • 6.5 SF Per Capita of self-storage in a 5-Mile Radius
  • Population of 186,000 in a 5-Mile Radius
  • Median household incomes of $94,887
  • Fully entitled 2-story conversion
  • Ownership working with municipality to allow addition of 3rd and 4th story

Exclusively Listed By

Financing By

Self-Storage Facility

Pittsburgh Self Storage Conversion

Listing Price: $1,600,000

Number of Units
246
Occupancy
1.0%
Gross SF
32,950
Rentable SF
20,149
Price/Rentable SF
$79.41
Year Built
2022

Investment Highlights

  • Approved 32,950 GSF self-storage conversion opportunity
  • Approved 20,599 NRSF fit out plans
  • 6.5 SF Per Capita of self-storage in a 5-Mile Radius
  • Population of 186,000 in a 5-Mile Radius
  • Median household incomes of $94,887
  • Fully entitled 2-story conversion
  • Ownership working with municipality to allow addition of 3rd and 4th story

Investment Overview

The Pittsburgh self-storage conversion project is a unique opportunity to acquire and develop a 2-story facility in the Pittsburgh MSA. The project is fully entitled as a self-storage conversion that would include 32,950 GSF, which includes a second floor. The project would convert to 20,599 NRSF of self storage, which includes both levels. While the first two stories are fully entitled, current ownership is working with the municipality to allow the addition of 3rd and 4th floors, bringing the total NRSF to 40,479. The market supports strong demographics, and rental rates, in an affluent market within Pittsburgh.

Exclusively Listed By

Financing By

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