140 Switzgable Dr Brodheadsville, PA 18322
- Self storage facilities
Current Use by Public Records
- Self storage facilities
Property Details for 140 Switzgable Dr
- Year built
- 1986
- Property type
- Self storage facilities
Description
This exceptional self-storage facility in Brodheadsville, Pennsylvania, presents a compelling investment opportunity. Boasting 20,162 net rentable square feet across four buildings, the property comprises 167 units and enjoys a current occupancy rate of 85%. Built in 1986 and acquired by the current owner in 2014, the facility features drive-up access, paved drive aisles, and security cameras. A significant revenue stream is generated from U-Haul rentals, contributing nearly $50,000 in net commissions in 2023. An on-site management office and a vacant one-bedroom apartment (convertible to additional storage) are also included. Recent expansion added twelve 5x4 units, four 10x16 units, and one 10x32 unit. The property benefits from its location near US Route 209, a major thoroughfare to popular vacation destinations in the Pocono Mountains, serving a population of approximately 85,000 within a 10-mile radius. With a current NOI of $252,531 and a 6.73% cap rate, this asset offers strong cash flow and potential for further growth through enhanced management strategies, website improvements, and increased automation. The market shows a low supply of self-storage space, with only 6.8 square feet per capita within a 5-mile radius and no new construction planned. This well-maintained property represents a stable, high-yield investment with room for expansion. The asking price is $3,750,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brodheadsville
- County
- Monroe
- State
- Pennsylvania
- Longitude
- -75.4019
- Latitude
- 40.9271
