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Self-Storage Facility

Load & Lock Self Storage

1380 PA-390, Canadensis, PA 18325

Listing Price: $2,050,000

Cap Rate
5.67%
Number of Units
116
Occupancy
68.0%
Gross SF
16,000
Rentable SF
16,000
Price/Rentable SF
$128.12
Year Built
2006

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Load & Lock Self Storage located in Canadensis, Pennsylvania. The facility consists of 116 non-climate-controlled units totaling 16,000 net rentable square feet. The property also includes an area for 20 outdoor parking spaces available for rent. Currently, only two of the parking spaces are utilized. This area may also be used for outdoor modular drive-up units. This is a stabilized cash flowing facility that is currently 86 percent physically occupied. The property features an on-site management office and 24-hour video surveillance.

The facility is located in Canadensis, Pennsylvania which is the heart of the Pocono Mountains. The Poconos is home to many lakes, mountains, hiking trails, and ski resorts. In 2018 the Pocono's saw 27.9 million visitors. They are located at a corner intersection of Pennsylvania State Route 390 and Pennsylvania State Route 447 which has high daily traffic counts of 3,600 cars per day and 2,100 cars per day respectively.

Load & Lock Self Storage is being offered for $2.05 million or $128.13 per rentable square foot.

Investment Highlights

  • 16,000 Net Rentable Square Feet
  • 116 Non-Climate-Controlled Units
  • Unutilized Parking Area: Room for 20 Outdoor Parking Spaces
  • Opportunity to Add Outdoor Modular Drive-Up Units
  • Stabilized Facility: 86 Percent Physically Occupied

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Financing By

Self-Storage Facility

Load & Lock Self Storage

Listing Price: $2,050,000

Cap Rate
5.67%
Number of Units
116
Occupancy
68.0%
Gross SF
16,000
Rentable SF
16,000
Price/Rentable SF
$128.12
Year Built
2006

Investment Highlights

  • 16,000 Net Rentable Square Feet
  • 116 Non-Climate-Controlled Units
  • Unutilized Parking Area: Room for 20 Outdoor Parking Spaces
  • Opportunity to Add Outdoor Modular Drive-Up Units
  • Stabilized Facility: 86 Percent Physically Occupied

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Load & Lock Self Storage located in Canadensis, Pennsylvania. The facility consists of 116 non-climate-controlled units totaling 16,000 net rentable square feet. The property also includes an area for 20 outdoor parking spaces available for rent. Currently, only two of the parking spaces are utilized. This area may also be used for outdoor modular drive-up units. This is a stabilized cash flowing facility that is currently 86 percent physically occupied. The property features an on-site management office and 24-hour video surveillance.

The facility is located in Canadensis, Pennsylvania which is the heart of the Pocono Mountains. The Poconos is home to many lakes, mountains, hiking trails, and ski resorts. In 2018 the Pocono's saw 27.9 million visitors. They are located at a corner intersection of Pennsylvania State Route 390 and Pennsylvania State Route 447 which has high daily traffic counts of 3,600 cars per day and 2,100 cars per day respectively.

Load & Lock Self Storage is being offered for $2.05 million or $128.13 per rentable square foot.

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

Financing By

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