Multi-Site Self-Storage
535 Mohns Hill Road, Sinking Spring, PA 19608
For Sale
Contact for pricing
Facilities in Sinking Spring and Reading provide a multi-location storage operation in Pennsylvania.
Property Size118,031 SF
Price / SF$130.35
Days on Market29
Property Features for 535 Mohns Hill Road
General Information
Standard status
Size
Property subtype
Occupancy
Financials
Asking Price
Cap Rate
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Self-Storage Units
Property Use
Listing Agency:
Grandstone Investment Sales
Listed By:
Meir Perlmuter · License PA BK3443325
Source:
Crexi
Added: Oct 15
Changed: Nov 10
Last Checked: Nov 12 at 7:34AM
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 Grandstone Investment Sales
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Investment Insights
Based on property information with market context.
This self-storage portfolio consists of four facilities across Sinking Spring and Reading, Pennsylvania. Together, the properties contain 1,063 storage units and 118,031 net rentable square feet, with a mix of unit sizes. The portfolio’s weighted average physical occupancy is 91.61%; occupancy at individual properties ranges from approximately 90% to 97%.
The facilities are located at 535 Mohns Hill Road, 2665 Bernville Road, 618 Gregg Avenue, and 30B Shillington Road. The properties serve suburban markets in and around the two Pennsylvania communities.
The facilities are located at 535 Mohns Hill Road, 2665 Bernville Road, 618 Gregg Avenue, and 30B Shillington Road. The properties serve suburban markets in and around the two Pennsylvania communities.
Key Highlights
- Four self‑storage facilities across Sinking Spring and Reading, Pennsylvania
- 1,063 units totaling 118,031 net rentable square feet
- Weighted average physical occupancy of 91.61%
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,140,179
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$22,803,580
$22.8M
Cap Rate 7%
$16,288,271
$16.3M
Cap Rate 9%
$12,668,656
$12.7M
Market Conditions
NOI Build-Up for 118,031 SF
Gross rent
$1.77M $15.00/SF
− Vacancy
−$141.6K −$1.20/SF
EGI
$1.63M $13.80/SF
− OpEx
−$488.6K −$4.14/SF
NOI
$1.14M $9.66/SF
Area
Berks County, PA
Vacancy
8.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$22,803,580
Cap Rate 7%
$16,288,271
Cap Rate 9%
$12,668,656
Alternative Uses
Best Use
Self Storage
$16.29M
$14.25M – $19.00M
NOI $1,140,179 @ 7.0% cap · market cap 7.41%
Second Best
Warehouse
$11.95M
$10.45M – $13.94M
NOI $836,272 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$19.38M
$16.95M – $22.61M
NOI $1,356,318 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
91.6%
Occupancy
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Explore this area
Business Placement
Demographics for 19608, PA
24,378
Population
9,169
Households
2.7
Avg Household Size
42
Median Age
46%
College-Educated
94%
High-School Grad
26.3 sq mi
ZIP Area
927
Density / Sq Mi
$112,169
Median Household Income
$55,525
Median Earnings
$1,485
Median Rent
$311,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Self storage facility - Facilities in Sinking Spring and Reading provide a multi-location storage operation in Pennsylvania.
Where is this self storage facility located?
The property is located at 535 Mohns Hill Road Sinking Spring, PA.
What is the asking price?
The asking price for this property is $15,385,000.
What are key features of this property?
This property features: Four self‑storage facilities across Sinking Spring and Reading, Pennsylvania; 1,063 units totaling 118,031 net rentable square feet; Weighted average physical occupancy of 91.61%
