113 E Chestnut St - Self-Storage Facilities FOR SALE


Souderton, PA 18964
$1,875,000 USD
215-531-7000
113 E Chestnut St, Souderton, PA for Sale
$1,875,000 USD
Self-Storage Facilities - FOR SALE
1/14
null | 7.2% Cap Rate

Mar '25


113 E Chestnut St
Souderton, PA 18964


OVERVIEW

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 )

FOR SALE DETAILS

PRICE

$1,875,000 USD

PRICE/SF

$59 USD /SF

CAP RATE

7.2%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

New Horizon Self-Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

C1, Souderton Boro

APN/PARCEL ID

21-00-01816-008

ASK ABOUT THIS PROPERTY

Andreas MakrisMarcus & MillichapMore Info
215-531-7000

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Andreas MakrisMarcus & MillichapMore Info
215-531-7000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.