Core+, Class-A Self-Storage Opportunity – King of Prussia, PA
550 Allendale Rd King of Prussia, PA 19406
This offering presents a rare opportunity to acquire a value-add, institutional-size self-storage facility in the fast-growing King of Prussia, PA market. Built in 2019, the property spans 2.0 acres and comprises 70,135 rentable square feet across 729 climate-controlled units. As of May 21, 2025, the facility boasts 82% occupancy, underscoring strong performance with room for growth.
Strategically positioned in one of the region’s most dynamic and accessible areas, the facility is located near major highways—including I-76, Route 202, Route 422, and the Pennsylvania Turnpike—offering seamless connectivity to nearby residential and commercial hubs such as West Norriton, Bridgeport, and Audubon.
King of Prussia is a booming economic center, home to a business park employing over 60,000 people and undergoing significant residential and mixed-use development, most notably the Village at Valley Forge and the King of Prussia Town Center. These projects combine upscale living, dining, retail, and healthcare facilities such as the Children’s Hospital of Philadelphia. The area is also rich in attractions, including the King of Prussia Mall—the largest in Pennsylvania—Valley Forge National Historical Park, and Valley Forge Casino Resort. Strong public transportation options and proximity to Philadelphia’s key transit hubs further enhance its appeal. Altogether, this location offers a compelling mix of economic vitality, consumer traffic, and residential growth, making it highly desirable for both personal storage users and businesses seeking logistical convenience.
The property offers substantial operational upside, with management actively optimizing rental rates and driving occupancy toward stabilization. By executing this lease-up and revenue enhancement strategy, investors have the potential to achieve high-teens levered IRRs over a five-year hold period.