Investment Overview

State Storage Co Shermans Dale presents a unique opportunity to acquire this facility along with the developer’s other self storage property located at 330 N. High St., Duncannon, PA. The two facilities are approximately 9 miles from each other or a 20-minute drive. The Shermans Dale location features 15,925 NRSF of drive-up self storage, which encompasses 113 units with an average unit size of 141 NRSF. The property is located on Route 34, known locally as Spring Rd., which boasts 12,373 vehicles per day traveling directly in front of the property. Route 34 is a primary travel corridor between the Shermans Dale area and the next closest town, Carlisle. The property is located approximately 5 miles from the town of Carlisle on Route 34, which is also the primary travel route to the PA Turnpike, Route 76. State Storage Co Shermans Dale features three Trachte buildings, corrugated roll on roof and remotely accessible security cameras throughout the property. The storage facility has gravel drive aisles and a retention basin for stormwater runoff. A buyer would benefit from a robust revenue management plan, to capitalize on the low saturation levels in the 5-mile radius of 6.4 SF per capita with a population of just over 16,000. The developer is finishing approvals for an electronic billboard in front of the property, which could help a buyer obtain significant income for the facility through a billboard lease or leasing the spaces out on their own. Ownership is in the process of obtaining approvals for a billboard to be installed on the property. The billboard has a signed contract with a billbaord marketing company for $1,200 a month to lease spaces. The billboard is subject to township approval, and revenue consideration has been omitted until approvals are received.