Self Storage Portfolio with Non-Climate
For Sale
Contact for pricing
609 Market St, Zelienople, PA 16063
Portfolio includes 469 non-climate storage units plus 47 outdoor parking rentals across two Butler County locations.
Property Size64,596 SF
Price / SF$115.01
Days on Market10
Property Features for 609 Market St
General Information
Standard status
Active
Size
64,596 SF
Property subtype
Self Storage
Additional Details
Self-Storage Units
469
Building Details
Year Built
1985
Listing Agency:
Franklin Street Tampa
Listed By:
David Perlleshi · License #FL 333662
Source:
Crexi
Added: Jul 23
Changed: Jul 30
Last Checked: Jul 30 at 5:09PM
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 Franklin Street Tampa
Investment Insights
Based on property information with market context.
Storage Point Portfolio is a stabilized self-storage portfolio with 469 non-climate units totaling 64,596 NRSF, along with 47 outdoor parking rentals. The portfolio is spread across two locations in the Pittsburgh MSA, with the facilities less than 15 miles apart in Butler County, supporting management efficiencies.
One of the facilities is at 609 Market St, Zelienople, PA 16063. The portfolio’s facilities were built in 1985.
For operators, this configuration provides a mix of enclosed storage (non-climate units) and outdoor parking rentals, all within the same broader market area of Butler County north of Pittsburgh.
One of the facilities is at 609 Market St, Zelienople, PA 16063. The portfolio’s facilities were built in 1985.
For operators, this configuration provides a mix of enclosed storage (non-climate units) and outdoor parking rentals, all within the same broader market area of Butler County north of Pittsburgh.
Key Highlights
- 469 non‑climate self‑storage units totaling 64,596 NRSF
- 47 outdoor parking rentals included
- Two locations in Butler County
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 | $581.4k | $9.00 |
| − Vacancy | −$46.5k | −$0.72 |
| EGI | $534.9k | $8.28 |
| − OpEx | −$160.5k | −$2.48 |
| NOI | $374.4k | $5.80 |
64,596 SF · lease $9.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$5.35M
$4.68M – $6.24M
NOI $374,398 @ 7.0% cap · market cap 5.04%
Second Best
Warehouse
$3.80M
$3.32M – $4.43M
NOI $265,660 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$16.45M
$14.40M – $19.20M
NOI $1,151,752 @ 7.0% cap · market cap 15.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
Explore this area
Business Placement
Demographics for 16063, PA
7,596
Population
3,541
Households
2.1
Avg Household Size
47
Median Age
42%
College-Educated
96%
High-School Grad
17.0 sq mi
ZIP Area
447
Density / Sq Mi
$86,533
Median Household Income
$53,025
Median Earnings
$1,166
Median Rent
$294,100
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Portfolio includes 469 non-climate storage units plus 47 outdoor parking rentals across two Butler County locations.
Where is this self storage facility located?
The property is located at 609 Market St Zelienople, PA.
What is the asking price?
The asking price for this property is $7,429,000.
What are key features of this property?
This property features: 469 non‑climate self‑storage units totaling 64,596 NRSF; 47 outdoor parking rentals included; Two locations in Butler County
