199 Unit Climate Controlled Self Storage Facility | Souderton PA

Highlights:

• 199 climate-controlled units totaling 18,143 NRSF, housed in a well-maintained, converted warehouse, Remotely Managed and using Easy Storage Solutions Software.
• 110,577 residents within a 5-mile radius with an average household income of $146,551, supporting strong storage demand.
• Supply within a 1-mile radius (5.4 SF per capita), with balanced ratios at the 3-mile (9.0 SF per capita) and 5-mile (6.5 SF per capita) trade areas.
• A 2,300 SF leased retail space generating supplemental rental income and contributing to property traffic.
• Strategically positioned in Souderton, PA, within 35 minutes from suburban Philadelphia market, offering long-term stability and growth potential.

Description:

Ri Marketplace Online Auction November 17th-19th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2833/199-unit-climate-controlled-self-storage-facility-souderton-pa?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=selfstorage_2833

Marcus & Millichap is pleased to present the exclusive offering of New Horizon Self-Storage, a well-positioned facility located at 113 E. Chestnut Street, Souderton, Pennsylvania 18964. The property sits on 0.96 acres and was originally converted into a modern self-storage facility in 2013. It consists of 199 fully climate-controlled interior units, totaling 18,143 net rentable square feet (NRSF), remotely managed and using Easy Storage Solutions Software.

In addition to the storage component, the property features an adjacent 2,300-square-foot retail space, which is currently leased to a children’s dance studio, providing diversified income and additional tenant traffic to the property.

The self-storage market fundamentals in the immediate trade area remain favorable. Within a 1-mile radius, market supply is limited at 5.4 square feet per capita, indicating an undersupplied micro-market. Expanding to the 3-mile and 5-mile radii, supply levels are 9.0 and 6.5 square feet per capita, respectively, suggesting a balanced but growing market. Supporting this demand is a robust population base of 110,577 residents within five miles, paired with a high average household income of $146,551, both of which drive strong self-storage utilization.

Overall, New Horizon Self-Storage presents investors with the opportunity to acquire a property with significant upside through lease-up, creating a strong cash-flowing asset in a highly desirable suburban Philadelphia market.


Lamar P. Fisher
Fisher Auction Company Inc.
License: AU005925
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

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