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Self-Storage Facility

North Philly Self-Storage

3428 N 18th St, Philadelphia, PA 19140

Listing Price: $525,000

Cap Rate
10.38%
Number of Units
40
Occupancy
100.0%
Gross SF
18,000
Rentable SF
8,910
Price/Rentable SF
$58.92
Year Built
1940

Investment Overview

Marcus and Millichap is pleased to present North Philly Self-Storage located at 3428 N 18th St. This Self Storage facility is located in the Tioga/ Nice Town section of North East Philadelphia. This 40 Unit Self Storage facility provides a optimal opportunity for an investor looking for an asset with minimal management, and a significant value add component. The facility is currently fully occupied and there is a waiting list for space. The property is zoned RSA-3 for the City of Philadelphia. All 40 Units are currently occupied. Each unit is outfitted with an 8' grade level drive in door. (36) 1 car size 10 x 19, (3) of the units are 15x18, and the largest rentable unit is approximately 30x18. There is a significant value add component for any investor willing to improve the facility by adding additional fencing and security system. There are two parcels included with the sale. The additional adjoining lot can be used to add additional storage units/ or garages. There is an increasing amount of redevelopment taking place within this densely populated residential area. Just down the street, there is a 60 Unit apartment building currently under construction. Ownership has kept rents at the same level throughout the course of his ownership, there is an opportunity to scale rents to market and capitalize on the demand for Self-Storage within a 5 mile radius.

Investment Highlights

  • 40 unit facility currently 100 % Occupied
  • 60 Unit Residential Development taking place near by
  • Minimal Monthly Expenses & Management Cost

Exclusively Listed By

Financing By

Self-Storage Facility

North Philly Self-Storage

Listing Price: $525,000

Cap Rate
10.38%
Number of Units
40
Occupancy
100.0%
Gross SF
18,000
Rentable SF
8,910
Price/Rentable SF
$58.92
Year Built
1940

Investment Highlights

  • 40 unit facility currently 100 % Occupied
  • 60 Unit Residential Development taking place near by
  • Minimal Monthly Expenses & Management Cost

Investment Overview

Marcus and Millichap is pleased to present North Philly Self-Storage located at 3428 N 18th St. This Self Storage facility is located in the Tioga/ Nice Town section of North East Philadelphia. This 40 Unit Self Storage facility provides a optimal opportunity for an investor looking for an asset with minimal management, and a significant value add component. The facility is currently fully occupied and there is a waiting list for space. The property is zoned RSA-3 for the City of Philadelphia. All 40 Units are currently occupied. Each unit is outfitted with an 8' grade level drive in door. (36) 1 car size 10 x 19, (3) of the units are 15x18, and the largest rentable unit is approximately 30x18. There is a significant value add component for any investor willing to improve the facility by adding additional fencing and security system. There are two parcels included with the sale. The additional adjoining lot can be used to add additional storage units/ or garages. There is an increasing amount of redevelopment taking place within this densely populated residential area. Just down the street, there is a 60 Unit apartment building currently under construction. Ownership has kept rents at the same level throughout the course of his ownership, there is an opportunity to scale rents to market and capitalize on the demand for Self-Storage within a 5 mile radius.

Exclusively Listed By

Financing By

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