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Self-Storage Facility

Penn Township, PA - Self Storage Development Opportunity

1007 Wellington Ct., Jeanette, PA 15644, Jeannette, PA 15644

Listing Price: $1,150,000

Cap Rate
1.00%
Occupancy
1.0%
Rentable SF
70,000
Price/Rentable SF
$16.43
Year Built
2027

Investment Overview

The self storage development project located at 1007 Wellington Ct in Jeannette, PA is a 5.01 acre parcel zoned CC (Commercial Corridor). Included in CC zoning, self storage is a permitted use. The parcel is located in Penn Township, which is in Westmoreland County and a part of Penn-Trafford School District. The property also serves residents in the towns of Murrysville, Greensburg, Jeanette, Hempfield Township and North Huntingdon Township. Jeannette is located approximately 20 miles southeast of Pittsburgh.

The property currently has no approvals or entitlements and is being sold as raw land with self storage as a “By Right” use. The property faces Manor Harrison City Rd. (Route 993) and features a traffic count of just over 5,300 VHPD. Directly behind the property is a newly built Ryan Homes community called Wellington that features 90 townhomes. Additionally, Ryan Homes recently completed a 474-unit residential community 1 mile to the north, and there is a 55+ apartment community with 116 units approximately a ¼ mile to the south of the parcel.

In addition to the residential communities listed above, Penn Township recently approved more than 1,000 units designated for 55+ residential communities.

Investment Highlights

  • Located in the highly sought after Penn-Trafford School District
  • Penn-Trafford is Consistently Ranked in the Top 3% by Test Scores in PA
  • Median Household Incomes of $105,748
  • Population of 66,303 in a 5-Mile Radius
  • SF Per Capita of 7.9 in a 5-Mile Radius
  • SF Per Capita of 5.8 in a 4-Mile Radius
  • SF Per Capita of 1.6 in a 3-Mile Radius
  • $18 SF Annually In-Store Rents on 10 x 10 Climate Controlled and Drive-Up Units

Exclusively Listed By

Self-Storage Facility

Penn Township, PA - Self Storage Development Opportunity

Listing Price: $1,150,000

Cap Rate
1.00%
Occupancy
1.0%
Rentable SF
70,000
Price/Rentable SF
$16.43
Year Built
2027

Investment Highlights

  • Located in the highly sought after Penn-Trafford School District
  • Penn-Trafford is Consistently Ranked in the Top 3% by Test Scores in PA
  • Median Household Incomes of $105,748
  • Population of 66,303 in a 5-Mile Radius
  • SF Per Capita of 7.9 in a 5-Mile Radius
  • SF Per Capita of 5.8 in a 4-Mile Radius
  • SF Per Capita of 1.6 in a 3-Mile Radius
  • $18 SF Annually In-Store Rents on 10 x 10 Climate Controlled and Drive-Up Units

Investment Overview

The self storage development project located at 1007 Wellington Ct in Jeannette, PA is a 5.01 acre parcel zoned CC (Commercial Corridor). Included in CC zoning, self storage is a permitted use. The parcel is located in Penn Township, which is in Westmoreland County and a part of Penn-Trafford School District. The property also serves residents in the towns of Murrysville, Greensburg, Jeanette, Hempfield Township and North Huntingdon Township. Jeannette is located approximately 20 miles southeast of Pittsburgh. The property currently has no approvals or entitlements and is being sold as raw land with self storage as a “By Right” use. The property faces Manor Harrison City Rd. (Route 993) and features a traffic count of just over 5,300 VHPD. Directly behind the property is a newly built Ryan Homes community called Wellington that features 90 townhomes. Additionally, Ryan Homes recently completed a 474-unit residential community 1 mile to the north, and there is a 55+ apartment community with 116 units approximately a ¼ mile to the south of the parcel. In addition to the residential communities listed above, Penn Township recently approved more than 1,000 units designated for 55+ residential communities.

Exclusively Listed By

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