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11560-11580 Pulaski Hwy - White Marsh Self Storage

20,760 SF Specialty Building Offered at $5,250,000 at a 6.90% Cap Rate in White Marsh, MD 21162

Investment Highlights

  • Facility is 92.81% Physically Occupied and Achieved Rates Translate to an Even Higher 96.71% Economic Occupancy
  • 158 Non-Climate Storage Units, 133 Outdoor Parking Rentals, One Commercial Rental & One Residential Rental
  • Stabilized & Cash Flowing Storage Facility
  • Average Rate/SF for Storage of $13.82 is Significantly Higher than Average Rate/SF of $5.86 for Parking, Suggesting Upside Through Expansion

Property Facts

Price $5,250,000
Price Per SF $253
Sale Type Investment
Cap Rate 6.90%
Property Type Specialty
Property Subtype Self-Storage
Building Class C
Lot Size 4.09 AC
Building Size 20,760 SF
No. Stories 1
Year Built 1993

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
11-2100007236
Land Assessment
$793,900
Improvements Assessment
$1,097,400
Total Assessment
$1,891,300

zoning

Zoning Code ML
ML
  • Listing ID: 32283197

  • Date on Market: 6/28/2024

  • Last Updated:

  • Address: 11560-11580 Pulaski Hwy, White Marsh, MD 21162

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