142-Unit Self-Storage
New
For Sale
$2,700,000
6 Long Ln, Mechanicsburg, PA 17050
A mix of drive-up and interior units offers two access configurations, all without climate control.
Property Size20,800 SF
Lot Size2.00 Acres
Price / SF$129.81
Days on Market1
Property Features for 6 Long Ln
General Information
Standard status
Active
Size
20,800 SF
Lot size
2.00 Acres
Property subtype
Self-Storage Facility
Occupancy
84%
Net Operating Income
$190,555
Financials
Asking Price
$2,700,000
Cap Rate
7.1%
Additional Details
Self-Storage Units
142
Tenant in Place
Yes
Property Use
Self Storage
Amenities
Stabilized, Cash-Flowing Storage Property
Very Low Existing Saturation (~4.24/Person)
Rental rates below market
Over 70,000 Population within 5-Miles
Over $120,000 Average Household Income
5% Projected Population growth Over Next 5 Years
Building Details
Building Size
20,800 SF
Year Built
2007
Units
142
Listing Agency:
Marcus & Millichap - Philadelphia
Listed By:
Timothy B. Stephenson Jr · License #License(s) PA: RMR006104
(215) 531-7000
Source:
Marcusmillichap
Added: Oct 30
Last Checked: Oct 30 at 3:14PM
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 Marcus & Millichap - Philadelphia
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Investment Insights
Based on property information with market context.
This 2007 self-storage property in Mechanicsburg, Pennsylvania, contains 142 units across 20,800 NRSF on a 2.0-acre site. The unit mix includes drive-up and interior spaces; none are climate-controlled. Physical occupancy is 84%.
More than 71,000 residents live within five miles, and the area has approximately 4.24 SF of storage per person within three miles. The surrounding population is projected to grow through 2030.
More than 71,000 residents live within five miles, and the area has approximately 4.24 SF of storage per person within three miles. The surrounding population is projected to grow through 2030.
Key Highlights
- 142 units totaling 20,800 NRSF
- 2.0‑acre property with drive‑up and interior non‑climate‑controlled units
- 84% physically occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$179,700
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,594,000
$3.6M
Cap Rate 7%
$2,567,143
$2.6M
Cap Rate 9%
$1,996,667
$2.0M
Market Conditions
NOI Build-Up for 20,800 SF
Gross rent
$274.6K $13.20/SF
− Vacancy
−$17.8K −$0.86/SF
EGI
$256.7K $12.34/SF
− OpEx
−$77.0K −$3.70/SF
NOI
$179.7K $8.64/SF
Area
Cumberland County, PA
Vacancy
6.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,594,000
Cap Rate 7%
$2,567,143
Cap Rate 9%
$1,996,667
Alternative Uses
Best Use
Self Storage
$2.57M
$2.25M – $3.00M
NOI $179,700 @ 7.0% cap · market cap 6.66%
Second Best
Warehouse
$2.03M
$1.78M – $2.37M
NOI $142,018 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$4.83M
$4.23M – $5.64M
NOI $338,218 @ 7.0% cap · market cap 12.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
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Business Placement
Demographics for 17050, PA
42,722
Population
17,164
Households
2.5
Avg Household Size
42
Median Age
52%
College-Educated
96%
High-School Grad
35.0 sq mi
ZIP Area
1,221
Density / Sq Mi
$111,834
Median Household Income
$61,258
Median Earnings
$1,452
Median Rent
$350,800
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Self storage facility - A mix of drive-up and interior units offers two access configurations, all without climate control.
Where is this self storage facility located?
The property is located at 6 Long Ln Mechanicsburg, PA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 142 units totaling 20,800 NRSF; 2.0‑acre property with drive‑up and interior non‑climate‑controlled units; 84% physically occupied
