216-Unit Self Storage
138 Yearicks Boulevard Centre Hall, PA 16828
For Sale
$4,500,000
Well-maintained 216-unit storage facility with multiple access points, office, fenced grounds, and strong in-place occupancy.
Property Size35,850 SF
Lot Size8.34 Acres
Price / SF$125.52
Days on Market241
Property Features for 138 Yearicks Boulevard
General Information
Standard status
Active
Size
35,850 SF
Lot size
8.34 Acres
Property subtype
Commercial
Building Details
Year Built
2005
Listing Agency:
Kissinger,Bigatel & Brower
Listed By:
Erin Calandra Witmer
Source:
Deepcreeklake
Added: Nov 29, 2025
Changed: Jul 10
Last Checked: Jul 27 at 12:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kissinger,Bigatel & Brower
Investment Insights
Based on property information with market context.
322 Self Storage is a 216-unit self-storage facility built in 2005, totaling 35,850 SF. The property is 79% occupied and is producing in-place income, with a current 6.4% cap rate referenced in the materials. Site and building features include wide drive aisles, multiple access points, an on-site office, fenced grounds, security cameras, and extensive exterior lighting.
The facility is located at 138 Yearicks Boulevard in Centre Hall, PA, directly off Highway 322. The property is positioned for visibility with illuminated signage described as being seen by over 14,000 vehicles daily. The site spans 8.34 acres and includes significant excess land.
For buyers and operators, the configuration supports self-storage demand while the excess land provides permitted expansion opportunities. The materials describe potential paths to diversify beyond a single storage use, including additional self-storage, industrial storage, automotive storage, or select retail uses, subject to approvals. With the property also cited as being about 8.7 miles from State College and Penn State University, plus a broader surrounding population base described in the offering, the asset is positioned for steady customer draw.
The facility is located at 138 Yearicks Boulevard in Centre Hall, PA, directly off Highway 322. The property is positioned for visibility with illuminated signage described as being seen by over 14,000 vehicles daily. The site spans 8.34 acres and includes significant excess land.
For buyers and operators, the configuration supports self-storage demand while the excess land provides permitted expansion opportunities. The materials describe potential paths to diversify beyond a single storage use, including additional self-storage, industrial storage, automotive storage, or select retail uses, subject to approvals. With the property also cited as being about 8.7 miles from State College and Penn State University, plus a broader surrounding population base described in the offering, the asset is positioned for steady customer draw.
Key Highlights
- 216‑unit, 35,850 SF self‑storage facility built in 2005
- 79% occupied with a current 6.4% cap rate and in‑place income
- Set on 8.34 acres with fenced grounds, an on‑site office, security cameras, and exterior lighting
Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $473.2k | $13.20 |
| − Vacancy | −$33.1k | −$0.92 |
| EGI | $440.1k | $12.28 |
| − OpEx | −$132.0k | −$3.68 |
| NOI | $308.1k | $8.59 |
35,850 SF · lease $13.20/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$4.40M
$3.85M – $5.13M
NOI $308,066 @ 7.0% cap · market cap 6.85%
Second Best
Industrial
$2.97M
$2.60M – $3.46M
NOI $207,895 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$7.92M
$6.93M – $9.24M
NOI $554,235 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Self storage facility - Well-maintained 216-unit storage facility with multiple access points, office, fenced grounds, and strong in-place occupancy.
Where is this self storage facility located?
The property is located at 138 Yearicks Boulevard Centre Hall, PA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 216‑unit, 35,850 SF self‑storage facility built in 2005; 79% occupied with a current 6.4% cap rate and in‑place income; Set on 8.34 acres with fenced grounds, an on‑site office, security cameras, and exterior lighting
