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Self-Storage Facility

New Horizon Self Storage

113 E Chestnut St, Souderton, PA 18964

Listing Price: $1,875,000

Cap Rate
7.20%
Number of Units
199
Occupancy
71.4%
Gross SF
31,000
Rentable SF
21,000
Price/Rentable SF
$89.29
Year Built
1920

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.

Investment Highlights

  • Market Saturation within a 1-mile radius at 1.6 SF/Capita , 3-mile radius at 7.8 SF/Capita and 5-mile radius at 6.3 SF/Capita
  • Robust population of 110,577 within a 5-mile radius, complemented by an average household income of $146,551.
  • 199 indoor - climate controlled units ( 18,143 NRSF )

Exclusively Listed By

Financing By

Self-Storage Facility

New Horizon Self Storage

Listing Price: $1,875,000

Cap Rate
7.20%
Number of Units
199
Occupancy
71.4%
Gross SF
31,000
Rentable SF
21,000
Price/Rentable SF
$89.29
Year Built
1920

Investment Highlights

  • Market Saturation within a 1-mile radius at 1.6 SF/Capita , 3-mile radius at 7.8 SF/Capita and 5-mile radius at 6.3 SF/Capita
  • Robust population of 110,577 within a 5-mile radius, complemented by an average household income of $146,551.
  • 199 indoor - climate controlled units ( 18,143 NRSF )

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.

Exclusively Listed By

Financing By

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