
Description
180-unit self storage facility located on a corner lot in the heart of Dallastown, PA. D-town Mini Storage is uniquely positioned due to its pre-existing non-conforming status. No other storage facilities can be built in this area without a special exception.31,498 total square feet. Being sold at a 7.7% cap rate based on actual numbers. 95% occupancy.Value add opportunities include under market rents, renting empty units, and renting or building out 4,000 sq ft second floor into more storage units. D-town Mini Storage typically has the lowest rents in town. The seller, a mobile home park operator, is divesting from his only self storage facility, creating an ideal opportunity for a skilled operator to maximize the propertys potential. There is significant room for revenue growth and increased property value. Recent capital improvements include newly blacktopped roads ($90K) and keyless entry ($20k). Both completed in 2022.Included in the sale are: website, security cameras, keyless entry security system and elevator shaft connecting the ground to the second floor. Financials, property survey, and clean environmental phase 1 report, available upon request. Contact us today for more information! ***Seller is willing to seller finance in the form of a second mortgage.***
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0.33ACRES
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01/2 BATHS
Description
180-unit self storage facility located on a corner lot in the heart of Dallastown, PA. D-town Mini Storage is uniquely positioned due to its pre-existing non-conforming status. No other storage facilities can be built in this area without a special exception.31,498 total square feet. Being sold at a 7.7% cap rate based on actual numbers. 95% occupancy.Value add opportunities include under market rents, renting empty units, and renting or building out 4,000 sq ft second floor into more storage units. D-town Mini Storage typically has the lowest rents in town. The seller, a mobile home park operator, is divesting from his only self storage facility, creating an ideal opportunity for a skilled operator to maximize the propertys potential. There is significant room for revenue growth and increased property value. Recent capital improvements include newly blacktopped roads ($90K) and keyless entry ($20k). Both completed in 2022.Included in the sale are: website, security cameras, keyless entry security system and elevator shaft connecting the ground to the second floor. Financials, property survey, and clean environmental phase 1 report, available upon request. Contact us today for more information! ***Seller is willing to seller finance in the form of a second mortgage.***
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