516 Units Self Storage Portfolio 20 Specialty Properties Offered at $9,450,000 in Reading, PA

INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

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

TAXES & OPERATING EXPENSES (ACTUAL - 2024)

ANNUAL
Gross Rental Income $1,075,519
Other Income -
Vacancy Loss -
Effective Gross Income $1,075,519
Net Operating Income -

PROPERTY FACTS

Price $9,450,000
Price / SF $84.06 / SF
Cap Rate 9%
Sale Type Investment
Status Active
Number of Properties 20
Individually For Sale 0
Total Building Size 112,423 SF
Total Land Area 4.54 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
1100 Nicolls St, Reading, PA 19604 Specialty 13,408 SF 1987 -
1200 N 9th St, Reading, PA 19604 Specialty 2,620 SF 1961 -
511 Birch St, Reading, PA 19604 Specialty 1,332 SF 1940 -
741 Church St, Reading, PA 19601 Specialty 5,050 SF 1900 -
826 Hampden Blvd, Reading, PA 19604 Specialty 3,484 SF 1980 -
824 Ritter st, Reading, PA 19601 Specialty 4,000 SF 1980 -
340 Locust St, Reading, PA 19604 Specialty 4,000 SF 1980 -
333 Lombard st, Reading, PA 19604 Specialty 4,000 SF 1980 -
625 N 13th St, Reading, PA 19604 Specialty 4,000 SF 1980 -
306 13th st, Reading, PA 19604 Specialty 4,000 SF 1980 -
1541 Fairview st, Reading, PA 19606 Specialty 4,000 SF 1980 -
364-416 Blair Ave, Reading, PA 19601 Specialty 34,000 SF 1980 -
Reading Storage
328 Chestnut St, Reading, PA 19602
Specialty 500 SF 1930 -
1128 Pike St, Reading, PA 19604 Specialty 2,016 SF 1950 -
532 N 4th St, Reading, PA 19601 Specialty 8,055 SF 1930 -
521 S 16th St, Reading, PA 19606 Specialty 4,000 SF 2003 -
1015 Rose St, Reading, PA 19601 Specialty 3,904 SF 1920 -
Reading Storage
1214 Weimer St, Reading, PA 19602
Specialty 500 SF 1950 -
1536 Haak st, Reading, PA 19602 Specialty 5,618 SF 1900 -
330-332 Robeson St, Reading, PA 19601 Specialty 3,936 SF 1930 -
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  • Listing ID: 35569424

  • Date on Market: 4/20/2025

  • Last Updated:

  • Address: 516 Units Self Storage Portfolio, Reading, PA