216-Unit Self Storage
For Sale
$4,250,000
138 Yearicks Boulevard, Centre Hall, PA 16828
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$118.55
Days on Market317
Property Features for 138 Yearicks Boulevard
General Information
Standard status
Active
Size
35,850 SF
Lot size
8.34 Acres
Property subtype
Commercial
Occupancy
79%
Lease Term
[]
Site & Location
Traffic Count
14,000 vehicles/day
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Cap Rate
6.4%
Building Details
Year Built
2005
Listing Agency:
Kissinger,Bigatel & Brower
Listed By:
Erin Calandra Witmer
(814) 482-0282
Source:
Deepcreeklake
Added: Dec 15, 2025
Changed: Oct 27
Last Checked: Oct 26 at 4:16PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$308,066
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,161,320
$6.2M
Cap Rate 7%
$4,400,943
$4.4M
Cap Rate 9%
$3,422,956
$3.4M
Market Conditions
NOI Build-Up for 35,850 SF
Gross rent
$473.2K $13.20/SF
− Vacancy
−$33.1K −$0.92/SF
EGI
$440.1K $12.28/SF
− OpEx
−$132.0K −$3.68/SF
NOI
$308.1K $8.59/SF
Area
Centre County, PA
Vacancy
7.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,161,320
Cap Rate 7%
$4,400,943
Cap Rate 9%
$3,422,956
Alternative Uses
Best Use
Self Storage
$4.40M
$3.85M – $5.13M
NOI $308,066 @ 7.0% cap · market cap 7.25%
Second Best
Industrial
$2.97M
$2.60M – $3.46M
NOI $207,895 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$7.92M
$6.93M – $9.24M
NOI $554,235 @ 7.0% cap · market cap 13.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
14,000 VPD
Traffic count
79%
Occupancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Explore this area
Business Placement
Demographics for 16828, PA
4,377
Population
2,175
Households
2
Avg Household Size
47
Median Age
29%
College-Educated
93%
High-School Grad
55.7 sq mi
ZIP Area
79
Density / Sq Mi
$73,810
Median Household Income
$48,331
Median Earnings
$993
Median Rent
$275,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
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 $4,250,000.
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
