Investment Overview

The Halifax, PA self storage development is a solid tertiary market opportunity in an under served market in central Pennsylvania. The project is a fully permitted and approved 45,920 GSF development project, which is approved for 9 drive up, non-climate controlled buildings. The parcel is located on Route 147, which is a main artery between the Pennsylvania state capital of Harrisburg and towns located to the North, such as Selinsgrove, Sunbury and Williamsport. Route 147 follows the Susquehanna River and supports 7,798 Vehicles Per Day in front of the property. A facility in this market would serve customers within a 10-mile radius of the facility due to the lack of self storage options in the surrounding market. Currently, there is 1.1 SF of self storage per capita in a 5-mile radius and 5 SF per capita in a 10-mile radius. Halifax is a bedroom community located in Northern Dauphin County and many of the communities residents commute and work in Harrisburg. Harrisburg is a 30 minute drive from Halifax, which allows for solid employment through many government agencies. The median household income in the 10-mile market is just over $75,000 with 75% of the households owning their own home.