112 Walnut St Dallastown, PA 17313-2228

This exceptional 180-unit self-storage facility, situated on a 0.33-acre corner lot in the heart of Dallastown, Pennsylvania, presents a compelling investment opportunity. Boasting 31,498 square feet, the property enjoys a highly desirable non-conforming status, preventing future competition. Currently operating at 95% occupancy with below-market rents, this facility offers significant upside potential. Value-add strategies include raising rents to market rates, leasing vacant units, and developing the 4,000-square-foot second floor into additional storage space. Recent capital improvements, completed in 2022, include a $90,000 blacktop road resurfacing and a $20,000 keyless entry system upgrade. The sale includes a website, security cameras, the keyless entry system, and an elevator shaft connecting the ground and second floors. The property is being offered at a 7.7% cap rate based on actual financial performance. Detailed financial statements, a property survey, and a clean environmental Phase 1 report are available upon request. The seller, currently divesting from this asset, is open to seller financing via a second mortgage, making this an even more attractive proposition for qualified buyers. This presents a rare chance to acquire a well-established, high-performing self-storage facility with substantial room for growth and increased profitability.