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.
- Added:
- Aug 1, 2025
- Days on Market:
- 317
- Last Refresh:
- Jun 11 at 1:47 am
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 agent Erin Calandra Witmer
Listing office Kissinger,Bigatel & Brower
Listing date Aug 1, 2025
Source Deepcreeklake
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
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
- Wide drive aisles with multiple access points and positioned directly off Highway 322
- Permitted expansion opportunities with significant excess land for potential additional storage or other permitted uses
- Approximately 8.7 miles from State College and Penn State University
Overview
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.
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Centre Hall
- County
- Centre
- State
- Pennsylvania
- Longitude
- -77.7078475
- Latitude
- 40.7905645
