Newly Built Lease-Up Self-Storage Opportunity – Philadelphia, PA
1 Franklin Mills Blvd, Philadelphia, PA 19154

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Price
Market Bid
NRSF
104,075
Philidelphia, PA
Newly Built - Lease Up
State-of-the-art facility which opened its doors in March 2021
Drive-in and drive-up facility for easy loading and unloading
The property features a high-visibility location on Woodhaven Rd, which sees up to 64,000 vehicles per day
The facility is located within the highly trafficked Liberty Plaza shopping complex, which features a Dick’s Sporting Goods and other major retailers
Densely populated urban area, 22,766 residents are located within a one-mile radius with a median household income of $75,092
This asset offers investors a significant opportunity to reduce vacancy loss and bring in-place tenants up to market.

The Self-Storage Advisory Group of Cushman & Wakefield has been selected to exclusively market the sale of Snapbox Franklin Mills in Philadelphia, PA.

This facility presents the rare opportunity to serve a growing population in the Northeast’s second most populous city. Rated as the third trendiest and most affordable city in the nation by Realtor.com, Philadelphia is quickly becoming recognized for trend-setting developments. In 2022, the nation’s first esports campus and arena opened in the heart of the city. A string of new breweries, pubs and restaurants also recently invested in the City of Brotherly Love, including Liberty Point—a multi-story waterfront restaurant adjacent to the famed Independence Seaport Museum.

New attractions bring new residents, which creates a near-constant demand for self-storage. 22,766 residents are located within a one-mile radius of the facility with a median household income of $75,092.

Built in 2021, this modern, 104,075 square-foot facility hosts 1105 units. For tenant convenience, this facility offers drive-in loading and is 100% climate controlled. The current Physical Occupancy is 63.0%, while the Economic Occupancy resides at 40.2%.

This property is located just one mile from I-95 which sees upwards of 118,000 vehicles per day and is visible from Woodhaven Rd (64,000+ vehicles per day). It is situated within the highly trafficked Liberty Plaza shopping complex, which features Dick’s Sporting Goods, Raymour & Flanigan Furniture and Mattress Store, Valet Auto Wash and other popular retailers.

Philadelphia, PA

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  • Confidentiality and Buyer Registration Agreement

    Cushman & Wakefield U.S., Inc. ("Broker") has been retained as the exclusive advisor and broker regarding the sale of the property known as the Philadelphia, PA Self Storage opportunity.

    To receive an Offering Memorandum ("Offering Memorandum") please read, sign and return this completed Confidentiality Agreement to Broker. The Offering Memorandum has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective Buyers may need or desire. All projections have been developed by Broker and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Seller and therefore are subject to variation. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property. Although the information contained herein is believed to be correct, the Seller and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, Broker, the Seller and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained in or omitted from the Offering Memorandum or any other written or oral communication transmitted or made available to the Buyer. The Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the property or the Owner since the date of preparation of the Offering Memorandum. Analysis and verification of the information contained in the Offering Memorandum are solely the responsibility of the prospective Buyer. Additional information and an opportunity to inspect the property will be made available upon written request to interested and qualified prospective Buyers.

    By accepting the Offering Memorandum, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney's fees, collectively "Claims") arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

    By accepting the Offering Memorandum, you acknowledge that you are a principal and not an agent of or acting on behalf of any other party in connection with the acquisition. Buyer acknowledges that it is aware that any Agent/Broker other than Cushman & Wakefield, must be compensated by Buyer as Cushman & Wakefield is not cooperating on fees. Furthermore, Buyer acknowledges that it has not had any discussion regarding this Property's Sale with any other broker or agent other than Broker or an agent/broker properly identified through this registration process, including but not limited to, resolutions of incomplete, conflicting or duplicate registrations. Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney's fees and court costs which may be incurred with respect to any claims for other real estate commissions, broker's fees or finder's fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

    The Seller and Broker each expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time with or without notice. The Seller shall have no legal commitment or obligations to any entity reviewing the Offering Memorandum or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered, and approved by the Seller and its legal counsel, and any conditions to the Seller's obligation thereunder have been satisfied or waived.

    The Offering Memorandum and the contents, except such information which is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the Offering Memorandum, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the Offering Memorandum or any of the contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

    No employee of seller or at the subject property is to be contacted without the written approval of the listing agents and doing so would be a violation of this confidentiality agreement.



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