-
Mars-Evans City Self Storage
1170 Mars-Evans City Rd, Mars, Pennsylvania 16046
-
Property Info
Price: $20,400,000
Units: 554
Year Built: 2004-2023
-
Download Marketing Package
-
Broker Contact Info
Gabriel Coe
614.360.9041
Gabriel.Coe@marcusmillichap.com
Opportunity
The Market
Investment
Map
Pittsburgh MSA Self Storage Offering
POPULATION
In 2023, the population in your selected geography is 47,060. The population has changed by 22.38 since 2010. It is estimated that the population in your area will be 49,527 five years from now, which represents a change of 5.2 percent from the current year. The current population is 50.0 percent male and 50.0 percent female. The median age of the population in your area is 43.2, compared with the U.S. average, which is 38.7. The population density in your area is 598 people per square mile.
HOUSEHOLDS
There are currently 17,800 households in your selected geography. The number of households has changed by 25.41 since 2010. It is estimated that the number of households in your area will be 18,768 five years from now, which represents a change of 5.4 percent from the current year. The average household size in your area is 2.6 people.
INCOME
In 2023, the median household income for your selected geography is $116,909, compared with the U.S. average, which is currently $68,480. The median household income for your area has changed by 39.71 since 2010. It is estimated that the median household income in your area will be $132,285 five years from now, which represents a change of 13.2 percent from the current year.
The current year per capita income in your area is $62,632, compared with the U.S. average, which is $39,249. The current year’s average household income in your area is $165,290, compared with the U.S. average, which is $100,106.
EMPLOYMENT
In 2023, 26,549 people in your selected area were employed. The 2010 Census revealed that 73.7 percent of employees are in white-collar occupations in this geography, and 14.2 percent are in blue-collar occupations. In 2023, unemployment in this area was 4.0 percent. In 2010, the average time traveled to work was 30.00 minutes.
HOUSING
The median housing value in your area was $379,589 in 2023, compared with the U.S. median of $268,796. In 2010, there were 11,687.00 owner-occupied housing units and 2,506.00 renter-occupied housing units in your area.
EDUCATION
The selected area in 2023 had a higher level of educational attainment when compared with the U.S averages. 22.5 percent of the selected area’s residents had earned a graduate degree compared with the national average of only 12.7 percent, and 34.9 percent completed a bachelor’s degree, compared with the national average of 20.2 percent.
The number of area residents with an associate degree was lower than the nation’s at 8.4 percent vs. 8.5 percent, respectively.
The area had fewer high-school graduates, 19.4 percent vs. 26.9 percent for the nation. The percentage of residents who completed some college is also lower than the average for the nation, at 12.6 percent in the selected area compared with the 20.1 percent in the U.S.
• Pittsburgh MSA Self Storage Offering
• Most Recent Expansion Opened in 2023 with Several Large Expansions in the Past 5-10 Years
• Gross Revenue has Increased Roughly 70% in the Last 7 Years
• NRSF has Increased Roughly 45% in the Last 7 Years
• Significant Future Expansion Opportunity to Continue the Dramatic Income & Occupancy Growth Over the Past 5-10 Years
• 137,362 Net Rentable Square Feet
• 50 CC Units, 691 NCC Units, and 187 Parking Spaces
• Affluent Market: Average Household Income Within One, Three, and Five Miles is Well Above the National Average
• Average HHI: 1-Mile: $146,904 | 3-Miles: $158,743 | 5-Miles: $165,290
• Growing Surrounding Population: 22% Increase Since 2010 Within Five Miles
• Great Location & Street Frontage
• High Daily Traffic Counts: Approx. 7,500 Cars/Day