Self-Storage Facility
2nd Attic Self Storage Portfolio
1028 Commerce Dr, Pottstown, PA 19464
Listing Price: Request For Offer
Investment Overview
2nd Attic Self Storage consists of Four Self Storage Facilities in Pottstown as well as surrounding Bechtelsville & Boyertown. Conviently located near Route 422 and Route 100, the Pottstown Region is strongly positioned with easy access to Philadelphia and the Lehigh Valley via Interstate 476.
The Properties Consist of 85,782 Net Rentable Square Feet of Non-Climate Controlled Drive Up Storage, and Split-Level Humidity Controlled Interior Units. The facilities also include 155 Parking Spaces for Boat & RV Storage. Currently the facilities are performing at a collective 87.5% Physical Occupancy.
The 10-Mile Market around these properties supports a population of 212,000 +/-. Competition in the market is currently at 5.5 Sf/Capita within the 10-Mile Market. The market also contains a wide varierty of competitor structure from small independent owner/operator's to CubeSmart and Public Storage. The variety of owners helps show this is a growing market with increased demand. In addition, The Limekiln Rd. site neighbors a newly developed 55+ Community, and the Commerce Rd. site neighbors a newly planned 240 Home Community as well as an Apartment Complex in planning.
The properties have had an extensive amount of capital expenditures put into the properties over the last 10 Years. LED lights have been installed at each property. Various other updates and repairs have been made to individual sites include but are not limited to: Repaving, New Gutters, Exterior Painting, Addition of a Retaining Wall, Adding Pitched Roofs, New Gate and Exterior Fencing.
The Bechtelsville location also includes 7 +/- Acres of developable land for future expansions. The 5-Mile market surrounding the Bechtelsville site currently supports a 7.9 Sf/Capita. Of the 7.9 Sf/Capita, Climate Controlled Units make up for only 1.5 Sf/Capita . This additional land provides an investor with ability to build out Climate Controlled units to support the new housing developments neighboring the facility, or to extend the current Boat & RV Parking capabilities.
2nd Attic Self Storage Portfolio
Investment Highlights
- Four Property Portfolio Consisting of 548 Storage Units and 155 Boat & RV Parking Spaces
- Portfolio Includes One Facility with a Main Office, as well as Three Satelite Locations within a 15 Minute Drive
- 85,782 Net Rentable Square Feet
- 5.5 SF/Capita in a 10-Mile Radius
- Stabilized Portfolio Occupancy of 87.5%
- Extensive Capital Expenditures have been made to All Four Facilities
Exclusively Listed By
Listing Price: Request For Offer
Investment Highlights
- Four Property Portfolio Consisting of 548 Storage Units and 155 Boat & RV Parking Spaces
- Portfolio Includes One Facility with a Main Office, as well as Three Satelite Locations within a 15 Minute Drive
- 85,782 Net Rentable Square Feet
- 5.5 SF/Capita in a 10-Mile Radius
- Stabilized Portfolio Occupancy of 87.5%
- Extensive Capital Expenditures have been made to All Four Facilities
Investment Overview
2nd Attic Self Storage consists of Four Self Storage Facilities in Pottstown as well as surrounding Bechtelsville & Boyertown. Conviently located near Route 422 and Route 100, the Pottstown Region is strongly positioned with easy access to Philadelphia and the Lehigh Valley via Interstate 476. The Properties Consist of 85,782 Net Rentable Square Feet of Non-Climate Controlled Drive Up Storage, and Split-Level Humidity Controlled Interior Units. The facilities also include 155 Parking Spaces for Boat & RV Storage. Currently the facilities are performing at a collective 87.5% Physical Occupancy. The 10-Mile Market around these properties supports a population of 212,000 +/-. Competition in the market is currently at 5.5 Sf/Capita within the 10-Mile Market. The market also contains a wide varierty of competitor structure from small independent owner/operator's to CubeSmart and Public Storage. The variety of owners helps show this is a growing market with increased demand. In addition, The Limekiln Rd. site neighbors a newly developed 55+ Community, and the Commerce Rd. site neighbors a newly planned 240 Home Community as well as an Apartment Complex in planning. The properties have had an extensive amount of capital expenditures put into the properties over the last 10 Years. LED lights have been installed at each property. Various other updates and repairs have been made to individual sites include but are not limited to: Repaving, New Gutters, Exterior Painting, Addition of a Retaining Wall, Adding Pitched Roofs, New Gate and Exterior Fencing. The Bechtelsville location also includes 7 +/- Acres of developable land for future expansions. The 5-Mile market surrounding the Bechtelsville site currently supports a 7.9 Sf/Capita. Of the 7.9 Sf/Capita, Climate Controlled Units make up for only 1.5 Sf/Capita . This additional land provides an investor with ability to build out Climate Controlled units to support the new housing developments neighboring the facility, or to extend the current Boat & RV Parking capabilities.
Exclusively Listed By
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