Investment Overview

Marcus & Millichap is pleased to offer for sale 322 Self Storage, located at 138 Yearicks Boulevard in Centre Hall, Pennsylvania. This high-performing facility consists of 35,850 net rentable square feet (NRSF) of drive-up self-storage and includes a brand-new, vacant office on site. The property is well-built with Flexospan metal buildings, standing seam metal roofs, security cameras, site lighting, and paved drive aisles, providing long-term durability and minimal deferred maintenance. The facility has been developed and operated by the current owner since its inception in 2015. Operations are supported by Storage Commander management software and a website managed by The Storage Group. Significant upside remains for an experienced operator who can implement a professional rate management strategy, as current rental rates are well below market. In addition, the facility features a large LED billboard with capacity for 10 advertisers, though only one space is currently leased — offering an immediate ancillary income opportunity. Improved marketing and SEO efforts could further expand the facility’s reach and drive additional leasing velocity. The property also offers meaningful expansion potential. The current owner has already completed drainage, grading, and dirt work, and holds approved site plans for an additional 24,000 NRSF of drive-up storage. This shovel-ready expansion opportunity allows a new owner to immediately scale the facility’s income-generating footprint and capture demand growth in the market. 322 Self Storage benefits from a prime location along U.S. Route 322 (General Potter Highway), the primary east–west corridor connecting Centre Hall to State College. The site sees an average daily traffic count of 13,360 vehicles, ensuring excellent visibility — highlighted by the large “322 Self Storage” sign that dominates the roadside view. Route 322 is not only the main commuter artery for Centre County but also a key route for visitors traveling to Penn State University, providing strong exposure to both local residents and transient traffic. Demand for storage in the region is supported by Penn State University, located just 15 minutes away in State College. With over 40,000 students and 23,000 faculty and staff, Penn State is the largest employer and economic driver in Central Pennsylvania. The facility captures strong seasonal demand during the summer months from college students, when rental rates and occupancies dramatically spike. Beyond student-driven demand, the State College economy continues to expand as Penn State invests in major capital projects, new research facilities, and the multi-phase $700M Beaver Stadium renovation — fueling ongoing job creation, population growth, and housing development. This offering represents a rare opportunity to acquire a stabilized, well-located facility with multiple value-add levers, expansion potential, and strong market fundamentals in one of Pennsylvania’s most dynamic university-driven markets. Rolling offers are being accepted immediately.