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Self-Storage Facility

We-Store - Mechanicsburg

6 Long Ln, Mechanicsburg, PA 17050

Listing Price: $2,700,000

Cap Rate
7.10%
Number of Units
142
Occupancy
84.0%
Gross SF
20,800
Rentable SF
20,800
Price/Rentable SF
$129.81
Year Built
2007

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale We-Store – Mechanicsburg, a 142-unit, 20,800 NRSF self-storage facility located in Mechanicsburg, Pennsylvania. The 2.0-acre property features a mix of drive-up and interior non-climate-controlled units and is currently 84% physically occupied.

The property benefits from $120,197 average household income, approximately 4.24 SF of storage per person within three miles, and a population of over 71,000 residents within five miles. The surrounding market is projected to experience significant population growth through 2030, providing a strong demographic base for continued storage demand.

Offered at $2.7 million, the property generates $190,555 in current NOI, representing a 7.1% going-in cap rate. The offering provides investors with an opportunity to acquire a stabilized, cash-flowing self-storage asset with additional upside through occupancy gains and rental rate optimization.

Investment Highlights

  • Stabilized, Cash-Flowing Storage Property
  • Very Low Existing Saturation (~4.24/Person)
  • Rental rates below market
  • Over 70,000 Population within 5-Miles
  • Over $120,000 Average Household Income
  • 5% Projected Population growth Over Next 5 Years

Broker of Record

  • Timothy B. Stephenson Jr

    Managing Director, Market Leader - Philadelphia

    (215) 531-7000

    License(s) PA: RMR006104

    Pennsylvania

Financing By

Self-Storage Facility

We-Store - Mechanicsburg

Listing Price: $2,700,000

Cap Rate
7.10%
Number of Units
142
Occupancy
84.0%
Gross SF
20,800
Rentable SF
20,800
Price/Rentable SF
$129.81
Year Built
2007

Investment Highlights

  • Stabilized, Cash-Flowing Storage Property
  • Very Low Existing Saturation (~4.24/Person)
  • Rental rates below market
  • Over 70,000 Population within 5-Miles
  • Over $120,000 Average Household Income
  • 5% Projected Population growth Over Next 5 Years

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale We-Store – Mechanicsburg, a 142-unit, 20,800 NRSF self-storage facility located in Mechanicsburg, Pennsylvania. The 2.0-acre property features a mix of drive-up and interior non-climate-controlled units and is currently 84% physically occupied. The property benefits from $120,197 average household income, approximately 4.24 SF of storage per person within three miles, and a population of over 71,000 residents within five miles. The surrounding market is projected to experience significant population growth through 2030, providing a strong demographic base for continued storage demand. Offered at $2.7 million, the property generates $190,555 in current NOI, representing a 7.1% going-in cap rate. The offering provides investors with an opportunity to acquire a stabilized, cash-flowing self-storage asset with additional upside through occupancy gains and rental rate optimization.

Broker of Record

  • Timothy B. Stephenson Jr

    Managing Director, Market Leader - Philadelphia

    (215) 531-7000

    License(s): PA: RMR006104

    Pennsylvania

Financing By

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