333 Lombard St

Highlights:

• Days on Market: 66

Description:

Prime self-storage investment opportunity at 333 Lombard Street in Reading, PA, consisting of 34 total units, including thirty-three 9x17 units and one larger 18x17 unit. This centrally located site in Reading offers convenient access, a strong rental history, and recent capital improvements including freshly paved surfaces and roll-up doors. Electric utilities support the site’s minimal operating needs, and tenants benefit from ease of access and standardized unit sizing.

The property currently generates $39,026 in income with a net operating income (NOI) of $30,767.05, reflecting a 7% CAP rate. Pro forma projections show potential income of $50,000 and NOI of $41,156, delivering a 9.4% CAP rate with improved occupancy and rental optimization. With low maintenance costs and a proven rental track record, this asset is well-positioned for continued growth and stable returns.

This property is part of a larger portfolio totaling over 500 self-storage units across the Reading area, providing scalable investment potential.

Additional properties in the portfolio include:
826 Hampden – 17 units
824 Ritter – 13 units
511 Birch – 10 units
340 Locust – 18 units
333 Lombard – 34 units
1536 Haak – 36 units
625 N. 13th – 22 units
1128 Pike – 34 units
1200 N 9th Street – 66 units
306 N 13th Street – 1 unit
1541 Fairview – 8 units
635-R Weiser – 1 unit
521 S 16th Street – 10 units
328 Chestnut – 8 units
1214 Weimer – 10 units
741 Church – 12 units
330 Robeson - 1015 Rose – 96 units
364 Blair – 86 units