138 Yearicks Blvd 35,850 SF Specialty Building Offered at $4,500,000 at a 6.40% Cap Rate in Centre Hall, PA 16828

Discover an exceptional investment opportunity in Centre County at 322 Self Storage, located at 138 Yearicks Boulevard in Centre Hall, Pennsylvania. Currently 96% occupied, this 216-unit storage facility delivers robust in-place income for a new owner as well as substantial value-add growth potential long term.

322 Self Storage spans a total of 35,850 square feet, originally built in 2005. The property is designed for efficient operations, with multiple convenient access points, wide aisles that accommodate trucks and trailers, and an on-site management office. Adding peace of mind for tenants, the lot is fenced and highly secured with a camera surveillance system and great exterior lighting.

The property enjoys a highly visible location directly off Highway 322, with illuminated signage that can be seen by more than 13,000 daily vehicles. The site measures 8.34 acres, with abundant excess land that allows for long-term growth through development and expansion. Within 10 miles of the site, a population of more than 116,000 drove annual spending of more than $1.2 billion during 2024, presenting a valuable pool of new potential tenants.

322 Self Storage further benefits from proximity to State College and The Pennsylvania State University, located just 8.7 miles away. Penn State is the largest higher learning institution in the state, with more than 42,000 students and 13,000 staff members located at the main campus, creating a valuable built-in customer base. 322 Self Storage offers a variety of units that appeal to students, with options for just a few boxes as well as large dorm storage for furniture or appliances.

This rare opportunity allows a new owner to tap into the rapid growth of the US self-storage industry, which currently totals more than 2.1 billion square feet across the country, a 14.1% increase from 2020. The number of US households that rent a storage unit has increased to over 11%, ensuring stable demand growth for businesses like 322 Self Storage.

Don’t miss this chance to secure a premier self-storage investment offering stable income, long-term growth potential, and a prime location in Centre County at 322 Self Storage. Contact Paul Confer with Kissinger, Bigatel & Brower today to schedule a tour and learn more about this incredible opportunity.