113 E Chestnut St - New Horizon Self-Storage
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
113 E Chestnut St - New Horizon Self-Storage
31,808 SF Speciality Building Offered at £1,467,094 at a 7.20% Net Initial Yield in Souderton, PA 18964
Executive Summary
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 )
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 )
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | £1,467,094 | Building Class | C |
| Price Per SF | £46 | Lot Size | 0.96 AC |
| Sale Type | Investment or Owner User | Building Size | 31,808 SF |
| Net Initial Yield | 7.20% | Number of Floors | 2 |
| Sale Conditions | 1031 Exchange | Year Built | 1910 |
| Property Type | Speciality | Cross Streets | N 2nd St |
| Property Subtype | Self-Storage |
| Price | £1,467,094 |
| Price Per SF | £46 |
| Sale Type | Investment or Owner User |
| Net Initial Yield | 7.20% |
| Sale Conditions | 1031 Exchange |
| Property Type | Speciality |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 0.96 AC |
| Building Size | 31,808 SF |
| Number of Floors | 2 |
| Year Built | 1910 |
| Cross Streets | N 2nd St |
Amenities
- Signage
1 of 1
Walk Score ®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 21-00-01816-008 | Improvements Assessment | £273,779 |
| Land Assessment | £81,281 | Total Assessment | £355,060 |
PROPERTY TAXES
Parcel Number
21-00-01816-008
Land Assessment
£81,281
Improvements Assessment
£273,779
Total Assessment
£355,060
zoning
| Zoning Code | C1, Souderton Boro |
| C1, Souderton Boro |
-
Andreas Makris -
Marcus & Millichap
1 of 15
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
113 E Chestnut St - New Horizon Self-Storage
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.