113 E Chestnut St - New Horizon Self-Storage
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113 E Chestnut St - New Horizon Self-Storage
31,808 SF Specialty Building Offered at $1,875,000 at a 7.20% Cap Rate in Souderton, PA 18964
Executive Summary
Marcus & Millichap is pleased to exclusively offer for sale New Horizon Self-Storage, located at 113 E. Chestnut St, Souderton, PA 18964. This property encompasses 0.96
acres and features a converted warehouse established in 2013, comprising 199 indoor climate-controlled units that total 18,143 square feet of net rentable space.
Additionally, there is a 2,300 square foot retail space that is currently leased to a kids' dance studio.
In analyzing the market's current saturation for self-storage, the statistics within a 1-mile radius indicate a ratio of 1.6 square feet per capita, while the 3-mile and 5-mile
radii exhibit ratios of 7.8 and 6.3 square feet per capita, respectively. This data illustrates a growing market alongside a robust population of 110,577 within a 5-mile
radius, complemented by an average household income of $146,551.
INVESTMENT HIGHLIGHTS
Market Saturation within a 1-mile radius at 1.6 SF/Capita , 3-mile radius at 7.8 SF/Capita and 5-mile radius at 6.3 SF/Capita
Robust population of 110,577 within a 5-mile radius, complemented by an average household income of $146,551.
199 indoor - climate controlled units ( 18,143 NRSF )
acres and features a converted warehouse established in 2013, comprising 199 indoor climate-controlled units that total 18,143 square feet of net rentable space.
Additionally, there is a 2,300 square foot retail space that is currently leased to a kids' dance studio.
In analyzing the market's current saturation for self-storage, the statistics within a 1-mile radius indicate a ratio of 1.6 square feet per capita, while the 3-mile and 5-mile
radii exhibit ratios of 7.8 and 6.3 square feet per capita, respectively. This data illustrates a growing market alongside a robust population of 110,577 within a 5-mile
radius, complemented by an average household income of $146,551.
INVESTMENT HIGHLIGHTS
Market Saturation within a 1-mile radius at 1.6 SF/Capita , 3-mile radius at 7.8 SF/Capita and 5-mile radius at 6.3 SF/Capita
Robust population of 110,577 within a 5-mile radius, complemented by an average household income of $146,551.
199 indoor - climate controlled units ( 18,143 NRSF )
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $1,875,000 | Building Class | C |
| Price Per SF | $59 | Lot Size | 0.96 AC |
| Sale Type | Investment or Owner User | Building Size | 31,808 SF |
| Cap Rate | 7.20% | No. Stories | 2 |
| Sale Conditions | 1031 Exchange | Year Built | 1910 |
| Property Type | Specialty | Cross Streets | N 2nd St |
| Property Subtype | Self-Storage |
| Price | $1,875,000 |
| Price Per SF | $59 |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.20% |
| Sale Conditions | 1031 Exchange |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 0.96 AC |
| Building Size | 31,808 SF |
| No. Stories | 2 |
| Year Built | 1910 |
| Cross Streets | N 2nd St |
Amenities
- Signage
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Walk Score ®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 21-00-01816-008 | Improvements Assessment | $349,900 |
| Land Assessment | $103,880 | Total Assessment | $453,780 |
PROPERTY TAXES
Parcel Number
21-00-01816-008
Land Assessment
$103,880
Improvements Assessment
$349,900
Total Assessment
$453,780
zoning
| Zoning Code | C1, Souderton Boro |
| C1, Souderton Boro |
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Andreas Makris -
Marcus & Millichap
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113 E Chestnut St - New Horizon Self-Storage
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