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Self-Storage Facility

Cherryville Self Storage

763 Industrial Ct, Cherryville, PA 18035

Listing Price: $7,250,000

Cap Rate
5.73%
Number of Units
404
Occupancy
97.2%
Gross SF
58,075
Rentable SF
58,075
Price/Rentable SF
$124.84
Year Built
1998

Investment Overview

Marcus & Millichap is pleased to offer for sale Cherryville Self Storage located in Cherryville, Pennsylvania. This property was built in 1998 and features 89 climate-controlled units and 315 non-climate-controlled units, totaling 58,075 net rentable square feet. This is a stabilized and cash-flowing facility that benefits from a growing surrounding population. Cherryville Self Storage sits on 5.74 acres of land and is located about 11 miles north of Allentown, Pennsylvania.

Investment Highlights

  • 89 Climate Controlled Units | 315 Non-Climate Controlled Units
  • Only Climate Controlled Facility Within a Seven and a Half Mile Radius
  • Stabilized Facility: 100 Percent Physical Occupancy
  • Allentown, Pennsylvania MSA Self Storage Offering
  • 58,075 Net Rentable Square Feet

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Self-Storage Facility

Cherryville Self Storage

Listing Price: $7,250,000

Cap Rate
5.73%
Number of Units
404
Occupancy
97.2%
Gross SF
58,075
Rentable SF
58,075
Price/Rentable SF
$124.84
Year Built
1998

Investment Highlights

  • 89 Climate Controlled Units | 315 Non-Climate Controlled Units
  • Only Climate Controlled Facility Within a Seven and a Half Mile Radius
  • Stabilized Facility: 100 Percent Physical Occupancy
  • Allentown, Pennsylvania MSA Self Storage Offering
  • 58,075 Net Rentable Square Feet

Investment Overview

Marcus & Millichap is pleased to offer for sale Cherryville Self Storage located in Cherryville, Pennsylvania. This property was built in 1998 and features 89 climate-controlled units and 315 non-climate-controlled units, totaling 58,075 net rentable square feet. This is a stabilized and cash-flowing facility that benefits from a growing surrounding population. Cherryville Self Storage sits on 5.74 acres of land and is located about 11 miles north of Allentown, Pennsylvania.

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

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