Building Details

Year Built 1972

Listing Agency: RE/MAX Realty Agency, Inc. Show Phone

Listed By: Jenny S Stoner · License #RS324444 Show Phone

Source: Cummingsrealtors

Added: Aug 15 Changed: Oct 7 Last Checked: Oct 7 at 12:41PM

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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 RE/MAX Realty Agency, Inc.

Investment Insights

Based on property information with market context.

This self storage facility at 58 Church Street includes 11 storage units in two configurations: eight units measuring 12' x 22' and three units measuring 6' x 9'. All units are currently rented. The roof was replaced in 2013 with an Everlast II Omni Series system, and the property was built in 1972.

Unused land extends behind and along both sides of the existing storage units. The site has two access points and offers room for additional storage units, portable storage units, or other development, subject to applicable approvals. The property is located in Mercersburg, Pennsylvania, with a 17236 ZIP code.

Key Highlights

• 11 storage units: eight measuring 12' x 22' and three measuring 6' x 9'
• All storage units are currently fully rented
• Roof replaced in 2013 with an Everlast II Omni Series

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,681

Cap Rate

8.49%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$473,620 $473.6K

Cap Rate 7%

$338,300 $338.3K

Cap Rate 9%

$263,122 $263.1K

Market Conditions

NOI Build-Up for 2,712 SF

Gross rent

$35.8K $13.20/SF

− Vacancy

−$2.0K −$0.73/SF

EGI

$33.8K $12.47/SF

− OpEx

−$10.1K −$3.74/SF

NOI

$23.7K $8.73/SF

Area

Franklin County, PA

Vacancy

5.50%

Lease Rate

$13.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$473,620

Cap Rate 7%

$338,300

Cap Rate 9%

$263,122

Alternative Uses

Best Use

Self Storage

$338.3K

$296.0K – $394.7K (±1% cap)

NOI $23,681 @ 7.0% cap · market cap 8.49%

Second Best

Warehouse

$274.5K

$240.2K – $320.3K (±1% cap)

NOI $19,215 @ 7.0% cap · market cap 6.89%

Theoretical Best

Office A

$657.6K

$575.4K – $767.2K (±1% cap)

NOI $46,030 @ 7.0% cap · market cap 16.50%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Self storage facilities

Suggested Use

Top Pick Plumbing Service (Bike/Boat/Book/etc) Store Pharmacy Kitchen & Bath Showroom Barber Shop Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

232

Businesses Nearby

Explore this area Business Placement

Demographics for 17236, PA

8,620

Population

3,741

Households

2.3

Avg Household Size

44

Median Age

21%

College-Educated

89%

High-School Grad

125.7 sq mi

ZIP Area

69

Density / Sq Mi

$81,074

Median Household Income

$42,283

Median Earnings

$986

Median Rent

$250,100

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this self storage facilities located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Self storage facility - Fully rented storage facility with multiple access points and additional land surrounding the existing units.

Where is this self storage facility located?

The property is located at 58 CHURCH STREET Mercersburg, PA.

What is the asking price?

The asking price for this property is $279,000.

What are key features of this property?

This property features: 11 storage units: eight measuring 12' x 22' and three measuring 6' x 9'; All storage units are currently fully rented; Roof replaced in 2013 with an Everlast II Omni Series