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Self-Storage Facility

Hillside Storage

22 Cranes Gap Rd, Carlisle, PA 17013

Listing Price: $4,700,000

Cap Rate
6.08%
Number of Units
303
Occupancy
83.0%
Gross SF
226,948
Rentable SF
46,250
Price/Rentable SF
$101.62
Year Built
2006

Investment Overview

Hillside Self Storage was built in 2006 on Cranes Gap Road in Carlisle, PA. Pride of ownership is evident throughout the facility and has been maintained at a high level since the properties inception in 2006. The facility features 46,250 NRSF of drive up self storage with 12,250 NRSF newly constructed in 2022. The 3-Mile market is currently at 2.1 SF Per Capita and has achieved 83% physical occupancy with the recently added buildings. The Carlisle MSA boasts strong demographics of population, education, school districts, employment and median household incomes. The community also serves as a bedroom community to additional employment opportunities in the state capital of Harrisburg, PA, which is 25 miles from Carlisle. The facility has limited late fees, no tenant insurance, and the current street rates are slightly below market average. Offers are being accepted immediately on this rare opportunity.

Investment Highlights

  • 46,250 NRSF
  • 2.1 SF Per Capita in 3-mile radius
  • 83% Physically Occupied
  • 63% Economically Occupied
  • 12,250 NRSF added in 2022

Exclusively Listed By

Financing By

Self-Storage Facility

Hillside Storage

Listing Price: $4,700,000

Cap Rate
6.08%
Number of Units
303
Occupancy
83.0%
Gross SF
226,948
Rentable SF
46,250
Price/Rentable SF
$101.62
Year Built
2006

Investment Highlights

  • 46,250 NRSF
  • 2.1 SF Per Capita in 3-mile radius
  • 83% Physically Occupied
  • 63% Economically Occupied
  • 12,250 NRSF added in 2022

Investment Overview

Hillside Self Storage was built in 2006 on Cranes Gap Road in Carlisle, PA. Pride of ownership is evident throughout the facility and has been maintained at a high level since the properties inception in 2006. The facility features 46,250 NRSF of drive up self storage with 12,250 NRSF newly constructed in 2022. The 3-Mile market is currently at 2.1 SF Per Capita and has achieved 83% physical occupancy with the recently added buildings. The Carlisle MSA boasts strong demographics of population, education, school districts, employment and median household incomes. The community also serves as a bedroom community to additional employment opportunities in the state capital of Harrisburg, PA, which is 25 miles from Carlisle. The facility has limited late fees, no tenant insurance, and the current street rates are slightly below market average. Offers are being accepted immediately on this rare opportunity.

Exclusively Listed By

Financing By

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