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Broker Contact Info
Nathan Coe
614.360.9801
Nathan.Coe@marcusmillichap.com
Opportunity
The Market
Investment
Map
The Hatcher Group of Marcus & Millichap is pleased to exclusively offer for sale a class A, two property portfolio located in Mayfield and Scranton, Pennsylvania. The two facilities have 480 total combined units, totaling 61,337 net rentable square feet. Both locations are fully secured with keypad entry, on-site management offices, and 24-hour video surveillance.
They benefit from dense and growing surrounding populations and are about 11 miles apart from each other. Both facilities are located in busy areas with lots of restaurants, retail stores, schools, residential neighborhoods, and much more. The Mayfield location is located off Route 8 which sees high daily traffic counts of around 8,200 cars per day.
Safe & Sound Self Storage Two Property Portfolio is being offered for $8,500,000 or $138.58 per rentable square foot.
See marketing package for individual property demographics.
■ Two, Class-A Self Storage Facilities with Upside
■ 11 Miles Apart
■ Combined 61,337 NRSF | Combined 480 Total Units
■ Scranton: 99.82% Physically Occupied | Mayfield: 97.23% Physically Occupied
■ Scranton Facility was Newly Converted in November 2020 and Achieved Full Occupancy in July 2021
■ Scranton Location is All Climate Controlled
■ Room for Expansion at Both Properties – An Additional 1.0-1.4 Acres per Property to Expand
■ Seller Estimates 12,000-14,000 SF Can be Added at Scranton & Mayfield
■ Both Locations have State-of-the-Art Security Systems and LED Lighting Throughout Facility
■ Mayfield Location has On-Site Self Service Kiosk
■ New 11 Acre Apartment Development Being Built Next to Scranton Location
■ New Sheetz Development Being Built Near the Mayfield Property
■ Scranton Location has Dense Surrounding Population: 122,929 People Within a Five Mile Radius
■ Excellent Locations & Street Frontage
■ Mayfield Location has Easy Access from Route 6
■ High Daily Traffic Counts at Mayfield Location: 8,200 Cars/Day
