Investment Overview

Edgewood Grove Self Storage is located in the small town of Somerset, Pennsylvania on 298 North Dr and is located roughly 60 miles east of Pittsburgh. Pride of ownership is evident throughout the facility and has been operated at a high level by the original owners since it was built. The facility has been built in phases with the first phase having been completed in 1993. The facility features 35,100 NRSF of drive up self storage along with 12 multifamily units. The housing breakdown includes 7 houses and an apartment building which contains 5 units. The 5-mile market is currently at 4.5 SF per capita and there are no new facilities in planning or permitting. Additionally, the facility is currently operating at 100% SF occupancy and 95% Economic Occupancy. The property features 265 Drive Up self storage units, 10 storage buildings (8 of 10 Trachte Buildings), gravel drive aisles, exterior drive aisle lighting, rental office, standing seam metal roof on 8 of 10 buildings and roll up metal doors. Edgewood Grove has limited late fees, no tenant insurance, and the current street rates are below market average. Adjacent to the property, there is an acre lot that could be purchased and used for expansion. The property features a very cozy and comfortable office that includes heated floors, a fireplace, a shower, and a bathroom. Offers are being accepted immediately on this rare opportunity.