229 Units Self Storage Portfolio 10 Properties Offered at $4,800,000 in Reading, PA
INVESTMENT HIGHLIGHTS
- 10-property self-storage and mixed-use portfolio totaling 229 rentable units
- $620,463 in current income with Pro Forma NOI of $547,398
- All sites are located within a tight 5–10 minute radius
- Diverse income streams
- Available Individually, in Clusters, or as a Full Portfolio
- Security camera systems at all sites
EXECUTIVE SUMMARY
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.
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.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL |
|---|---|
| Gross Rental Income |
$620,463
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$620,463
|
| Taxes |
-
|
| Operating Expenses |
$148,132
|
| Total Expenses |
$148,132
|
| Net Operating Income |
$472,331
|
PROPERTY FACTS
| Price | $4,800,000 |
| Price / SF | $77.27 / SF |
| Cap Rate | 9.84% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 10 |
| Individually For Sale | 0 |
| Total Building Size | 62,116 SF |
| Total Land Area | 2.61 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 635R Weiser St, Reading, PA 19601 | Industrial | 1,600 SF | 1920 | - |
| 364-416 Blair Ave, Reading, PA 19601 | Specialty | 34,000 SF | 1980 | - |
| 1536 Haak st, Reading, PA 19602 | Specialty | 5,618 SF | 1900 | - |
| 741 Church St, Reading, PA 19601 | Specialty | 5,050 SF | 1900 | - |
| 625 N 13th St, Reading, PA 19604 | Specialty | 4,000 SF | 1980 | - |
| 1541 Fairview st, Reading, PA 19606 | Specialty | 4,000 SF | 1980 | - |
| 521 S 16th St, Reading, PA 19606 | Specialty | 4,000 SF | 2003 | - |
| 1128 Pike St, Reading, PA 19604 | Specialty | 2,016 SF | 1950 | - |
| 511 Birch St, Reading, PA 19604 | Specialty | 1,332 SF | 1940 | - |
|
Reading Storage
1214 Weimer St, Reading, PA 19602 |
Specialty | 500 SF | 1950 | - |
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