Self-Storage Facility
AUCTION - New Horizon Self-Storage
113 E Chestnut St, Souderton, PA 18964
Starting Bid: $450,000
Investment Overview
Register to Bid and Access Due Diligence Documents on **RealINSIGHT Marketplace: https://rimarketplace.com/auction/2833
Marcus & Millichap is pleased to present the exclusive offering of New Horizon Self-Storage, a well-positioned facility located at 113 E. Chestnut Street, Souderton, Pennsylvania 18964. The property sits on 0.96 acres and was originally converted into a modern self-storage facility in 2013. It consists of 199 fully climate-controlled interior units, totaling 18,143 net rentable square feet (NRSF), remotely managed and using Easy Storage Solutions Software.
In addition to the storage component, the property features an adjacent 2,300-square-foot retail space, which is currently leased to a children’s dance studio, providing diversified income and additional tenant traffic to the property.
The self-storage market fundamentals in the immediate trade area remain favorable. Within a 1-mile radius, market supply is limited at 5.4 square feet per capita, indicating an undersupplied micro-market. Expanding to the 3-mile and 5-mile radii, supply levels are 9.0 and 6.5 square feet per capita, respectively, suggesting a balanced but growing market. Supporting this demand is a robust population base of 110,577 residents within five miles, paired with a high average household income of $146,551, both of which drive strong self-storage utilization.
Overall, New Horizon Self-Storage presents investors with the opportunity to acquire a property with significant upside through lease-up, creating a strong cash-flowing asset in a highly desirable suburban Philadelphia market.
AUCTION - New Horizon Self-Storage
Investment Highlights
- AUCTION—November 17-19 | Starting Bid: $450,000
- Supply within a 1-mile radius (5.4 SF per capita), with balanced ratios at the 3-mile (9.0 SF per capita) and 5-mile (6.5 SF per capita) trade areas.
- 110,577 residents within a 5-mile radius with an average household income of $146,551, supporting strong storage demand.
- 199 climate-controlled units totaling 18,143 NRSF, housed in a well-maintained, converted warehouse, remotely managed, and using Easy Storage Solutions software.
- A 2,300 SF leased retail space generating supplemental rental income and contributing to property traffic.
- Strategically positioned in Souderton, PA, within 35 minutes from suburban Philadelphia market, offering long-term stability and growth potential.
Exclusively Listed By
Auction Advisors
Broker of Record
Starting Bid: $450,000
Investment Highlights
- AUCTION—November 17-19 | Starting Bid: $450,000
- Supply within a 1-mile radius (5.4 SF per capita), with balanced ratios at the 3-mile (9.0 SF per capita) and 5-mile (6.5 SF per capita) trade areas.
- 110,577 residents within a 5-mile radius with an average household income of $146,551, supporting strong storage demand.
- 199 climate-controlled units totaling 18,143 NRSF, housed in a well-maintained, converted warehouse, remotely managed, and using Easy Storage Solutions software.
- A 2,300 SF leased retail space generating supplemental rental income and contributing to property traffic.
- Strategically positioned in Souderton, PA, within 35 minutes from suburban Philadelphia market, offering long-term stability and growth potential.
Investment Overview
Register to Bid and Access Due Diligence Documents on **RealINSIGHT Marketplace: https://rimarketplace.com/auction/2833 Marcus & Millichap is pleased to present the exclusive offering of New Horizon Self-Storage, a well-positioned facility located at 113 E. Chestnut Street, Souderton, Pennsylvania 18964. The property sits on 0.96 acres and was originally converted into a modern self-storage facility in 2013. It consists of 199 fully climate-controlled interior units, totaling 18,143 net rentable square feet (NRSF), remotely managed and using Easy Storage Solutions Software. In addition to the storage component, the property features an adjacent 2,300-square-foot retail space, which is currently leased to a children’s dance studio, providing diversified income and additional tenant traffic to the property. The self-storage market fundamentals in the immediate trade area remain favorable. Within a 1-mile radius, market supply is limited at 5.4 square feet per capita, indicating an undersupplied micro-market. Expanding to the 3-mile and 5-mile radii, supply levels are 9.0 and 6.5 square feet per capita, respectively, suggesting a balanced but growing market. Supporting this demand is a robust population base of 110,577 residents within five miles, paired with a high average household income of $146,551, both of which drive strong self-storage utilization. Overall, New Horizon Self-Storage presents investors with the opportunity to acquire a property with significant upside through lease-up, creating a strong cash-flowing asset in a highly desirable suburban Philadelphia market.
Exclusively Listed By
Auction Advisors
Broker of Record
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