Self-Storage Facility

Bethlehem Storage

830 13th Ave, Bethlehem, PA 18018

Listing Price: $1,400,000

Cap Rate
4.84%
Number of Units
899
Occupancy
65.0%
Gross SF
9,070
Rentable SF
9,070
Price/Rentable SF
$154.36

Investment Overview

Marcus & Millichap is pleased to offer for sale Bethlehem Storage located in Bethlehem, Pennsylvania. This property is currently undergoing conversion and features 168 heated units totaling 9,070 net rentable square feet. Full site plan approvals feature a total of 899 heated units totaling 45,097 net rentable square feet. This property will benefit from a dense and growing surrounding population. Bethlehem Storage sits on 3.80 acres of land and is located about four miles east of Allentown, Pennsylvania.

Investment Highlights

  • Allentown, Pennsylvania MSA Self Storage Conversion Opportunity
  • Sellers Have Invested Over Two Million Dollars in Capital Expenditure Work
  • 9,070 Net Rentable Square Feet (NRSF); 168 Heated Units Currently Completed
  • Undersupplied Market: 3.23 NRSF of Storage Per Capita Within Five Miles
  • Full Site Plans Include a Total of 899 Heated Units Totaling 45,097 NRSF

Broker of Record

  • Sean Beuche

    Regional Manager

    License(s): PA: RM424190

    Pennsylvania

Self-Storage Facility

Bethlehem Storage

Listing Price: $1,400,000

Cap Rate
4.84%
Number of Units
899
Occupancy
65.0%
Gross SF
9,070
Rentable SF
9,070
Price/Rentable SF
$154.36

Investment Highlights

  • Allentown, Pennsylvania MSA Self Storage Conversion Opportunity
  • Sellers Have Invested Over Two Million Dollars in Capital Expenditure Work
  • 9,070 Net Rentable Square Feet (NRSF); 168 Heated Units Currently Completed
  • Undersupplied Market: 3.23 NRSF of Storage Per Capita Within Five Miles
  • Full Site Plans Include a Total of 899 Heated Units Totaling 45,097 NRSF

Investment Overview

Marcus & Millichap is pleased to offer for sale Bethlehem Storage located in Bethlehem, Pennsylvania. This property is currently undergoing conversion and features 168 heated units totaling 9,070 net rentable square feet. Full site plan approvals feature a total of 899 heated units totaling 45,097 net rentable square feet. This property will benefit from a dense and growing surrounding population. Bethlehem Storage sits on 3.80 acres of land and is located about four miles east of Allentown, Pennsylvania.

Broker of Record

  • Sean Beuche

    Regional Manager

    License(s): PA: RM424190

    Pennsylvania

MM Texture Background
MM Textured Background Lower