Investment Overview

Marcus & Millichap is pleased to offer for sale Extra Space Storage (Managed) in Scranton, PA. This is an opportunity to acquire a high-performing, mixed-use self-storage and retail asset located in the heart of the Scranton, PA MSA. Situated on over 9 acres along the heavily trafficked Scranton Carbondale Highway (23,000+ VPD), the property features a stabilized self-storage facility with 729 units totaling 65,650 rentable square feet, alongside 31,224 square feet of fully leased retail space across two tenants. UGI utilities also leases a small portion of the parking lot. The self-storage component is currently over 90% occupied and has experienced a 35% year-over-year increase in revenue, reflecting strong local demand and efficient operations. The retail portion is 100% leased to a stable tenant base, providing additional income diversification with minimal management overhead. Located within a dense and growing trade area of more than 122,000 residents in a 5-mile radius, the property benefits from excellent visibility, access, and long-term market fundamentals. With a low self-storage saturation of just 4.65 square feet per capita within a 3-mile radius, the property is well-positioned for continued performance and future rent growth. This asset offers investors a compelling combination of stabilized cash flow, upside potential, and diversified income streams in a high-barrier-to-entry market.