Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale New Horizon Self-Storage, located at 113 E. Chestnut St, Souderton, PA 18964. This property encompasses 0.96 acre and features a converted warehouse established in 2013, comprising 199 indoor climate-controlled units that total 18,143 square feet of net rentable space. Additionally, there is a 2,300 square foot retail space that is currently leased to a kids' dance studio. In analyzing the market's current saturation for self-storage, the statistics within a 1-mile radius indicate a ratio of 1.6 square feet per capita, while the 3-mile and 5-mile radii exhibit ratios of 7.8 and 6.3 square feet per capita, respectively. This data illustrates a growing market alongside a robust population of 110,577 within a 5-mile radius, complemented by an average household income of $146,551.