Self-Storage Facility
We-Store - Mechanicsburg
6 Long Ln, Mechanicsburg, PA 17050
Listing Price: $2,700,000
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
Financing By
Listing Price: $2,700,000
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
Financing By