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Self-Storage Facility

Jonestown, PA Two Property Portfolio

2636 PA-72, Jonestown, PA 17038

Listing Price: $3,650,000

Cap Rate
5.01%
Number of Units
266
Occupancy
95.0%
Rentable SF
42,380
Price/Rentable SF
$86.13
Year Built
2004

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Jonestown, Pennsylvania Two Property Portfolio which consists of two locations just 1.5 miles apart. The two facilities combined feature 266 non-climate-controlled units totaling 42,380 net rentable square feet. The Jonestown Self Storage location has five outdoor parking spaces available for rent. These are stabilized and cash flowing facilities that are currently 95 percent physically occupied. Both properties have had recent renovations including new pavement, replaced damage exteriors, and new lights. The population within five miles of the facility has increased 25 percent since 2000 and is expected to continue to grow over the next five years. The facilities have great street frontage and daily traffic counts of around 6,800 cars per day off State Road 72 and 6,250 cars per day off State Route 22. Jonestown, Pennsylvania Two Property Portfolio is being offered for $3,650,000 or $86.13 per rentable square foot.

Investment Highlights

  • Stabilized Jonestown, Pennsylvania Two Property Self-Storage Portfolio with Upside
  • Combined 42,380 Net Rentable Square Feet
  • 266 Non Climate-Controlled Units and Five Parking Spaces
  • Rental Increase Planned for Both Locations in Quarter One 2023
  • Both Locations Were Newly Paved in 2021 and 2022

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Financing By

Self-Storage Facility

Jonestown, PA Two Property Portfolio

Listing Price: $3,650,000

Cap Rate
5.01%
Number of Units
266
Occupancy
95.0%
Rentable SF
42,380
Price/Rentable SF
$86.13
Year Built
2004

Investment Highlights

  • Stabilized Jonestown, Pennsylvania Two Property Self-Storage Portfolio with Upside
  • Combined 42,380 Net Rentable Square Feet
  • 266 Non Climate-Controlled Units and Five Parking Spaces
  • Rental Increase Planned for Both Locations in Quarter One 2023
  • Both Locations Were Newly Paved in 2021 and 2022

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Jonestown, Pennsylvania Two Property Portfolio which consists of two locations just 1.5 miles apart. The two facilities combined feature 266 non-climate-controlled units totaling 42,380 net rentable square feet. The Jonestown Self Storage location has five outdoor parking spaces available for rent. These are stabilized and cash flowing facilities that are currently 95 percent physically occupied. Both properties have had recent renovations including new pavement, replaced damage exteriors, and new lights. The population within five miles of the facility has increased 25 percent since 2000 and is expected to continue to grow over the next five years. The facilities have great street frontage and daily traffic counts of around 6,800 cars per day off State Road 72 and 6,250 cars per day off State Route 22. Jonestown, Pennsylvania Two Property Portfolio is being offered for $3,650,000 or $86.13 per rentable square foot.

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

Financing By

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