140 Switzgabel Dr - Home Self Storage

Marcus & Millichap is pleased to offer for sale Home Self Storage which is located at 140 Switzgable Dr in Brodheadsville Pennsylvania. The facility is owner operated and is approximately 20,162 +/- NRSF of drive-up storage and U-Haul truck rentals. The property features an onsite management office, security cameras, paved drive aisles, and a one-bedroom apartment that is currently vacant and could be converted to storage. U-Haul rental activity has been significant at this property and had net commissions of almost $50,000 in 2023.
The property was built in 1986 and was taken over by the current owner in 2014. Pride of ownership is evident with this property and it has been well maintained throughout the current owners tenure of ownership. Historically, the property has maintained occupancy between 95% to 100% annually. In July of 2024, the owner added twelve 5x4 units, four 10x16s, and one 10x32, which currently sets the facilities physical occupancy percentage to 85% with the addition of these new units to the facility.
The Brodheadsville, PA market has been a solid self-storage rental market historically featuring a population of roughly 85,000 people in a 10-mile radius. There is currently 6.8 SF/capita in a 5-mile radius and there are no sites in a 5 or 10-mile radius that are being planned or under construction. The property is located just off of US route 209, which is a major travel artery through Brodheadsville to popular vacation destinations such as the Pocono Mountains.
Home Self Storage is an excellent investment for a buyer that is looking for a stabilized cash flowing asset with room for expansion. A future operator would benefit from a new website, increased revenue management, increased automation and the implementation of a third-party management company.