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Self-Storage Facility

Midway Self Storage

1545 Holly Pike, Carlisle, PA 17013

Listing Price: $19,000,000

Cap Rate
5.12%
Number of Units
645
Occupancy
89.0%
Gross SF
94,990
Rentable SF
94,990
Price/Rentable SF
$200.02
Year Built
2000

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Midway Self Storage located in Carlisle, Pennsylvania. The facility consists of 121 climate-controlled units, 524 non-climate-controlled units, and two commercial spaces totaling 94,990 net rentable square feet. The facility also features 144 outdoor parking spaces available for rent. The property also brings in ancillary income through a car wash and a USPS parking lease. This is a stabilized cash flowing facility that is currently 99 percent physically occupied. The property is fully fenced with a keypad, gated entry, an on-site management office, and 24-hour video surveillance.

The location of this facility benefits from a growing surrounding population. The population within five miles of the facility is 47,121, which represents a 17.5 percent increase since 2000. The property is also conveniently located about one mile from Interstate-81 and less than 20 miles from Harrisburg. The facility has great street frontage and high daily traffic counts of around 12,300 cars per day off Holly Pike (Pennsylvania State Route 34).

Midway Self Storage is being offered for $19 million or $200.02 per rentable square foot.

Investment Highlights

  • 94,990 Net Rentable Square Feet
  • 121 Climate-Controlled Units | 524 Non-Climate-Controlled Units
  • Two Commercial Spaces
  • 144 Outdoor Parking Spaces
  • Ancillary Income Through Car Wash and USPS Lease

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Financing By

Self-Storage Facility

Midway Self Storage

Listing Price: $19,000,000

Cap Rate
5.12%
Number of Units
645
Occupancy
89.0%
Gross SF
94,990
Rentable SF
94,990
Price/Rentable SF
$200.02
Year Built
2000

Investment Highlights

  • 94,990 Net Rentable Square Feet
  • 121 Climate-Controlled Units | 524 Non-Climate-Controlled Units
  • Two Commercial Spaces
  • 144 Outdoor Parking Spaces
  • Ancillary Income Through Car Wash and USPS Lease

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Midway Self Storage located in Carlisle, Pennsylvania. The facility consists of 121 climate-controlled units, 524 non-climate-controlled units, and two commercial spaces totaling 94,990 net rentable square feet. The facility also features 144 outdoor parking spaces available for rent. The property also brings in ancillary income through a car wash and a USPS parking lease. This is a stabilized cash flowing facility that is currently 99 percent physically occupied. The property is fully fenced with a keypad, gated entry, an on-site management office, and 24-hour video surveillance.

The location of this facility benefits from a growing surrounding population. The population within five miles of the facility is 47,121, which represents a 17.5 percent increase since 2000. The property is also conveniently located about one mile from Interstate-81 and less than 20 miles from Harrisburg. The facility has great street frontage and high daily traffic counts of around 12,300 cars per day off Holly Pike (Pennsylvania State Route 34).

Midway Self Storage is being offered for $19 million or $200.02 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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