Investment Overview

Marcus & Millichap is pleased to present the exclusive offering of Partners Self Storage, a well-maintained self-storage facility located in York, Pennsylvania. This strategic investment opportunity features 46 storage units and is currently 82.61% physically occupied. Situated on the east side of York, the property is ideally positioned within a residential area surrounded by both single-family and multifamily homes, offering a steady demand base for self-storage. Acquired by the current ownership in January 2023, the asset has undergone a series of operational enhancements aimed at improving efficiency and customer experience. Ownership has implemented a professional website, introduced automatic payment systems, improved search engine optimization, and removed problematic tenants to enhance overall tenant quality. Additionally, a local runner is retained for $100/month to handle overlocks and unit cleanouts, contributing to low operational costs. Current rental rates remain well below market, presenting a clear value-add opportunity for investors to grow income through tenant rate increases and by driving occupancy toward stabilization. With a strong operational foundation now in place, a new investor can benefit from continuing the successful management practices already implemented while capitalizing on the substantial upside in rental revenue. Partners Self Storage offers a compelling blend of in-place cash flow, operational efficiency, and upside potential in a growing Pennsylvania submarket, making it an ideal acquisition for both seasoned and emerging storage investors.