$2,430,000
180-unit self storage facility located on a corner lot in the heart of Dallastown, PA.
D-town Mini Storage is uniquely positioned due to its pre-existing non-conforming status. No other storage facilities can be built in this area without a special exception.
31,498 total square feet.
Being sold at a 6% cap rate based on actual numbers.
Physical and economic occupancy are both 90%+.
Value add opportunities include under market rents, renting empty units, and renting or building out 4,000 sq ft second floor into more storage units. D-town Mini Storage typically has the lowest rents in town. The seller, a mobile home park operator, is divesting from his only self storage facility, creating an ideal opportunity for a skilled operator to maximize the property’s potential. There is significant room for revenue growth and increased property value.
Recent capital improvements include newly blacktopped roads ($90K) and keyless entry ($20k). Both completed in 2022.
Included in the sale are: website, security cameras, keyless entry security system and elevator shaft connecting the ground to the second floor.
Financials, property survey, and clean environmental phase 1 report, available upon request. Contact us today for more information!
PAYK2069838
MLS
112 S Walnut St, Dallastown
Listing courtesy of Iron Valley Real Estate of York County. Contact: (717) 316-8777
