516 Units Self Storage Portfolio Specialty FOR SALE


Reading, PA - Glenside
$9,450,000 USD
215-360-3540
, Reading, PA for Sale
$9,450,000 USD
Specialty - FOR SALE
1/17
null | 9% Cap Rate

516 Units Self Storage Portfolio
Reading, PA
Glenside


HIGHLIGHTS

  • 20-property self-storage and mixed-use portfolio | 516 total rentable units across storage plus additional residential, commercial, and parking
  • $1,015,000+ annual income with $848,248 Pro Forma NOI
  • Recognized “Reading Storage” Brand with Strong Local Presence
  • Available Individually, in Clusters, or as a Full Portfolio
  • Recent CapEx Improvements: Blacktop, roofs, doors, electrical
  • Cloud-based security camera systems at all sites

OVERVIEW

KW Commercial is pleased to present this stabilized, income-producing portfolio that consists of 20 properties located throughout Reading, Pennsylvania, totaling 516 rentable units across garage storage, contractor bays, residential rentals, commercial spaces, and leased parking. The assets are consistently near full occupancy and generate over $1,015,000 in annual income, with a Pro Forma NOI of $848,248, priced at a 9.0% cap rate. The portfolio features a wide mix of unit sizes ranging from compact 6x10 storage lockers to oversized 24x22 garages, along with 10 fully occupied commercial units and 3 long-term residential rentals. Recent capital upgrades include new blacktop, roofs, roll-up doors, and electrical improvements across multiple sites. With immediate scale, in-place cash flow, and future upside through rent standardization and operational efficiency, this is a rare opportunity to acquire a turnkey storage portfolio in an undersupplied urban market. This offering includes the rare opportunity to acquire the full Reading Storage portfolio — a fully operational, city-wide self-storage and mixed-use platform comprised of 20 properties and 516 rentable units across Reading, Pennsylvania. In addition to the real estate, the acquisition includes the operating business itself, with full rights to the “Reading Storage” name, branding, and website, as well as the established administrative systems, field staff, and day-to-day infrastructure that make the platform turn-key. The portfolio includes 3 fully occupied residential rental properties with long-term tenants, and 10 commercial units, all 100% leased. A separate office and operations hub located at 1259 Green Street is also included in the sale. Each location is equipped with cloud-based security camera systems, and all units are integrated into a 24/7 online reservation and payment platform. The sale also includes all trade fixtures, vehicles, tools, and operating inventory. The current owner is willing to remain on temporarily post-sale for operational cross-training and transition support. With consistent in-place income, brand recognition, operational efficiency, and immediate scale, this is a unique chance to acquire not just real estate, but a fully functioning storage business with a strong foothold in the local market. This is a rare opportunity to acquire not just stabilized, income-producing assets — but a fully functioning, locally dominant self-storage operation with the systems, staff, and brand already in place. 3 fully occupied residential rentals, 10 leased commercial units, 259 Green St operating hub, Cloud-based security systems, 24/7 online rental/payment system, All inventory, vehicles, and trade fixtures available

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Beau McGettiganKW Commercial | Philadelphia Suburban WestMore Info
215-360-3540

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Beau McGettiganKW Commercial | Philadelphia Suburban WestMore Info
215-360-3540

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.