JUST LISTED | Midway Self Storage

JUST LISTED

Midway Self Storage

Carlisle, Pennsylvania

OFFERING SUMMARY

Price: $19,000,000
Current Cap Rate: 5.12%
Year 1 Cap Rate: 5.17%
Pro Forma Cap Rate: 5.70%
Current Physical Occupancy: 98.90%
Current Economic Occupancy: 89.02%
94,990 Net Rentable Square Feet
121 CC Units | 524 NCC Units
Two Commercial Spaces
144 Outdoor Parking Spaces
Ancillary Income Through Car Wash and USPS Lease
Below Market Rents
Room for a Nine Building Expansion
Affluent Market: Average Household Income Within One, Three and Five Miles is Well Above the National Average
High Daily Traffic Counts: 12,300 Cars/Day off Holly Pike (Pennsylvania State Route 34)
17.5% Population Growth Within a Five Mile Radius Since the Year 2000