901 E 10TH Street

Description

Rarely available stabilized, turnkey drive-up self-storage facility Chester - just 2 minutes from I-95! It totals approximately 8,290 square feet of storage on a 0.43-acre lot (84' x 223') and offers 33 rentable storage units and 3 parking spots, originally built as roughly 50 individual bays. Many of the current units are leased in pairs/groups units that a new owner could separate to lift the unit count and income. The facility offers all drive-up access across a wide, paved center aisle. Most units are established single-story building units, complemented by 5 shipping container units fitted with roll-up storage doors. The unit mix ranges from compact 8'x10' units up to a large 51'x20' (1,020 SF) drive-in unit, giving the property broad appeal to household tenants, contractors, and small businesses. One combined unit has its own separate electric panel and can serve as an on-site office.The property is stabilized at approximately 97% occupancy and is run entirely remotely through cloud-based storage-management software, with all tenants paying online or by ACH and no on-site employees. Demand is driven primarily through online channels, and the operation is gated, fenced, and monitored by 24/7 video recording. The result is a low-overhead, automated business that a first-time storage investor can step into and operate in place. If preferred, the seller is willing to continue managing the site for the buyer.The value-add opportunity is straightforward and low-risk. Current in-place rents are roughly 18% below the facility's own standard rates, and the majority of units have not seen a rate increase in more than a year. A new owner can bring rents to market, grow the tenant-insurance program beyond its current 45% penetration, and apply standard late and admin fees to lift income with minimal capital. The predominantly drive-up construction keeps ongoing maintenance and capital costs low.The location is a core strength. The property sits in an infill Chester neighborhood immediately off I-95, minutes from Widener University, Harrah's Philadelphia Casino & Racetrack, Walmart, and the Penn Terminals port and industrial corridor, and roughly 25 minutes from Center City Philadelphia. This is a dense, established, supply-constrained submarket that supports steady storage demand.Priced at $675,000, the facility offers a going-in cap rate of approximately 8.7% on current income, with upside toward 12% as rents are brought to market - an attractive, income-producing entry point into self-storage ownership.Information contained herein is deemed reliable but is not guaranteed. Buyer to verify all figures. Financials are based on owner-provided data and select operating expenses; a buyer should conduct independent due diligence.