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323 Unit Self Storage Portfolio

$2,100,000

13295 U.S. 422, Kittanning, PA 16201

Active
Last Updated: 05/28/2024

6.02

Cap Rate

126,353.19

NOI

Details:
Cap Rate:    6.02%
NOI:    $126,353.19
Building Size:    61,350 sqft
Units:    323
Highlights:
  • Average Tenant Tenure: 3 years
  • Diverse Unit Mix: Offering a variety of unit sizes from 5x10 to 10x40, the portfolio caters
  • to a wide range of storage needs.
  • High Occupancy Rates: The portfolio boasts an average physical occupancy rate of
  • 82.68%, reflecting strong demand in the area.
  • Expansion Potential: The vacant lot offers excellent potential for future development or
  • expansion of storage facilities.
Description:

The EZ GO Self Storage Portfolio consists of five self-storage facilities and two additional
vacant lots in Armstrong County, Pennsylvania. The properties provide a substantial value-add opportunity through improving existing operations and future expansion on the vacant land. Located within a close 3-mile radius in the
Kittanning and Ford City areas, this portfolio encompasses a total of 323 units with diverse
sizes and configurations, spread across a combined building area of approximately 61,350
square feet.

The EZ GO Self Storage Portfolio is located in Armstrong County, Pennsylvania, within the Pittsburgh MSA. All five facilities are situated within a 3-mile radius in the towns of Kittanning and Ford City, allowing for streamlined management and operational efficiency. These small communities provide a stable customer base and benefit from easy access to major roadways, facilitating convenient entry and exit for tenants. Armstrong County's modest population has a steady demand for self-storage, supported by a local economy that caters to both residential and small business needs. The area's balanced demographic profile aligns well with the demand for various storage unit sizes.

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