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Self-Storage Facility

Safe & Sound Self Storage - Scranton

1350 Von Storch Ave, Scranton, PA 18509

Listing Price: $5,750,000

Cap Rate
5.58%
Number of Units
318
Occupancy
99.0%
Rentable SF
35,762
Price/Rentable SF
$160.79
Year Built
1985

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale a class A, two property portfolio located in Mayfield and Scranton, Pennsylvania. The two facilities have 480 total combined units, totaling 61,337 net rentable square feet. Both locations are fully secured with keypad entry, on-site management offices, and 24-hour video surveillance. They benefit from dense and growing surrounding populations and are about 11 miles apart from each other. Both facilities are located in busy areas with lots of restaurants, retail stores, schools, residential neighborhoods, and much more. The Mayfield location is located off Route 8 which sees high daily traffic counts of around 8,200 cars per day. Safe & Sound Self Storage Two Property Portfolio is being offered for $8,500,000 or $138.58 per rentable square foot.

Investment Highlights

  • Two Class-A Self Storage Facilities with Upside
  • 11 Miles Apart
  • Combined 61,337 Net Rentable Square Feet | Combined 480 Total Units
  • Scranton: 99 Percent Physically Occupied
  • Scranton Facility was Newly Converted in November 2020 and Achieved Full Occupancy in July 2021

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Financing By

Self-Storage Facility

Safe & Sound Self Storage - Scranton

Listing Price: $5,750,000

Cap Rate
5.58%
Number of Units
318
Occupancy
99.0%
Rentable SF
35,762
Price/Rentable SF
$160.79
Year Built
1985

Investment Highlights

  • Two Class-A Self Storage Facilities with Upside
  • 11 Miles Apart
  • Combined 61,337 Net Rentable Square Feet | Combined 480 Total Units
  • Scranton: 99 Percent Physically Occupied
  • Scranton Facility was Newly Converted in November 2020 and Achieved Full Occupancy in July 2021

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale a class A, two property portfolio located in Mayfield and Scranton, Pennsylvania. The two facilities have 480 total combined units, totaling 61,337 net rentable square feet. Both locations are fully secured with keypad entry, on-site management offices, and 24-hour video surveillance. They benefit from dense and growing surrounding populations and are about 11 miles apart from each other. Both facilities are located in busy areas with lots of restaurants, retail stores, schools, residential neighborhoods, and much more. The Mayfield location is located off Route 8 which sees high daily traffic counts of around 8,200 cars per day. Safe & Sound Self Storage Two Property Portfolio is being offered for $8,500,000 or $138.58 per rentable square foot.

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

Financing By

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