Self-Storage Facility

St Elmos Storage

1940 W Fairview St, Allentown, PA 18104

Listing Price: $1,100,000

Cap Rate
0.97%
Number of Units
531
Occupancy
17.4%
Gross SF
9,435
Rentable SF
9,435
Price/Rentable SF
$116.59

Investment Overview

Marcus & Millichap is pleased to offer for sale St. Elmo Affordable Self Storage located in Allentown, Pennsylvania. This property is currently undergoing a conversion and features 146 non-climate units totaling 9,435 net rentable square feet (NRSF). The full site plan approvals feature a total of 531 non-climate units totaling 50,985 net rentable square feet. This property will benefit from a dense and growing surrounding population. St Elmo Affordable Self Storage sits on 6.56 acres of land and is located about a mile and a half south-west of Downtown Allentown, Pennsylvania.

Investment Highlights

  • 9,435 Net Rentable Square Feet; 146 Non-Climate Controlled Units Currently Completed
  • Plans for a Total of 531 Non-Climate Units Totaling 50,985 Net Rentable Square Feet
  • Under-supplied Market 2.03 NRSF Per Person Within a Three-Mile Radius
  • Allentown, Pennsylvania Self Storage Offering

Broker of Record

  • Sean Beuche

    Regional Manager

    License(s): PA: RM424190

    Pennsylvania

Self-Storage Facility

St Elmos Storage

Listing Price: $1,100,000

Cap Rate
0.97%
Number of Units
531
Occupancy
17.4%
Gross SF
9,435
Rentable SF
9,435
Price/Rentable SF
$116.59

Investment Highlights

  • 9,435 Net Rentable Square Feet; 146 Non-Climate Controlled Units Currently Completed
  • Plans for a Total of 531 Non-Climate Units Totaling 50,985 Net Rentable Square Feet
  • Under-supplied Market 2.03 NRSF Per Person Within a Three-Mile Radius
  • Allentown, Pennsylvania Self Storage Offering

Investment Overview

Marcus & Millichap is pleased to offer for sale St. Elmo Affordable Self Storage located in Allentown, Pennsylvania. This property is currently undergoing a conversion and features 146 non-climate units totaling 9,435 net rentable square feet (NRSF). The full site plan approvals feature a total of 531 non-climate units totaling 50,985 net rentable square feet. This property will benefit from a dense and growing surrounding population. St Elmo Affordable Self Storage sits on 6.56 acres of land and is located about a mile and a half south-west of Downtown Allentown, Pennsylvania.

Broker of Record

  • Sean Beuche

    Regional Manager

    License(s): PA: RM424190

    Pennsylvania

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