112 S Walnut StDallastown, PA 17313
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
180-unit self storage facility located on a corner lot in the heart of Dallastown, PA. D-town Mini Storage is uniquely positioned due to its pre-existing non-conforming status. No other storage facilities can be built in this area without a special exception. 31,498 total square feet. Being sold at a 6.75% cap rate based on actual numbers. 95% occupancy. Value add opportunities include under market rents, renting empty units, and renting or building out 4,000 sq ft second floor into more storage units. D-town Mini Storage typically has the lowest rents in town. The seller, a mobile home park operator, is divesting from his only self storage facility, creating an ideal opportunity for a skilled operator to maximize the property’s potential. There is significant room for revenue growth and increased property value. Recent capital improvements include newly blacktopped roads ($90K) and keyless entry ($20k). Both completed in 2022. Included in the sale are: website, security cameras, keyless entry security system and elevator shaft connecting the ground to the second floor. Financials, property survey, and clean environmental phase 1 report, available upon request. Contact us today for more information!
| 3 weeks ago | Listing updated with changes from the MLS® | |
| 2 months ago | Price changed to $2,160,000 | |
| 3 months ago | Listing first seen on site |
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