Self-Storage Facility

A Store Lock

1754 W 16 St, Erie, PA 16505

Listing Price: $900,000

Cap Rate
7.57%
Number of Units
102
Occupancy
70.5%
Gross SF
23,390
Rentable SF
23,390
Price/Rentable SF
$38.48
Year Built
1993

Investment Overview

The Hatcher Group of Marcus & Millichap is pleased to offer for sale A Store Lock located in Erie, Pennsylvania. This facility was built in 1993 and features 102 non-climate-controlled units, totaling 23,390 net rentable square feet. They are currently 87.25% physically occupied.

The location of this facility benefits from a dense surrounding population. It is located near many restaurant chains, retail stores, businesses, and neighborhoods nearby. This offers the facility great street frontage and high daily traffic counts.

A Store Lock is being offered for $900,000 or $38.48 per rentable square foot.

Investment Highlights

  • Erie, Pennsylvania MSA Self Storage Offering
  • 23,390 Net Rentable Square Feet
  • 102 Non-Climate-Controlled Units
  • Lot Size: 0.46 Acres
  • 87.25 Percent Physically Occupied

Broker of Record

  • Sean Beuche

    Regional Manager

    License(s): PA: RM424190

    Pennsylvania

Self-Storage Facility

A Store Lock

Listing Price: $900,000

Cap Rate
7.57%
Number of Units
102
Occupancy
70.5%
Gross SF
23,390
Rentable SF
23,390
Price/Rentable SF
$38.48
Year Built
1993

Investment Highlights

  • Erie, Pennsylvania MSA Self Storage Offering
  • 23,390 Net Rentable Square Feet
  • 102 Non-Climate-Controlled Units
  • Lot Size: 0.46 Acres
  • 87.25 Percent Physically Occupied

Investment Overview

The Hatcher Group of Marcus & Millichap is pleased to offer for sale A Store Lock located in Erie, Pennsylvania. This facility was built in 1993 and features 102 non-climate-controlled units, totaling 23,390 net rentable square feet. They are currently 87.25% physically occupied.

The location of this facility benefits from a dense surrounding population. It is located near many restaurant chains, retail stores, businesses, and neighborhoods nearby. This offers the facility great street frontage and high daily traffic counts.

A Store Lock is being offered for $900,000 or $38.48 per rentable square foot.

Broker of Record

  • Sean Beuche

    Regional Manager

    License(s): PA: RM424190

    Pennsylvania

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