229 Units Self Storage Portfolio FOR SALE


Reading, PA - Glenside
$4,800,000 USD
215-360-3540
, Reading, PA for Sale
$4,800,000 USD
FOR SALE
1/20
null | 9.84% Cap Rate

229 Units Self Storage Portfolio
Reading, PA
Glenside


HIGHLIGHTS

  • 10-property self-storage and mixed-use portfolio totaling 229 rentable units
  • Diverse income streams
  • $620,463 in current income with Pro Forma NOI of $547,398
  • Available Individually, in Clusters, or as a Full Portfolio
  • All sites are located within a tight 5–10 minute radius
  • Security camera systems at all sites

OVERVIEW

KW Commercial is pleased to present this stabilized, income-generating portfolio comprised of 11 self-storage and mixed-use assets across Reading, Pennsylvania. Totaling 229 rentable units across garage storage, contractor bays, residential rentals, commercial suites, and leased parking, these properties represent a significant segment of the broader 20-property offering. THIS OFFERING IS A SELECTION OF HIGH PERFORMING ASSETS AND PART OF A LARGER OFFERING OF A TOTAL OF 482 UNITS | 18 PROPERTIES - INQUIRE FOR MORE DETAIL The assets consistently operate near full occupancy and produce strong in-place cash flow, with current income of $620,463 and a current NOI of $459,525, priced at a 9.6% CAP rate. On a Pro Forma basis, the NOI increases to $547,398, representing an 11.4% CAP rate. This cluster features a diverse unit mix including compact storage units, oversized garages, 10 commercial suites, and multiple residential apartments. Recent upgrades across the portfolio include blacktop resurfacing, new roofing, roll-up doors, and electrical improvements, supporting operational durability and tenant satisfaction. With immediate scale, solid in-place income, and additional upside through rental growth and management efficiency, this portfolio segment offers investors a turnkey opportunity in a supply-constrained urban market.

ASK ABOUT THIS PROPERTY

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 Notice.