Newly Built 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
Updated Financials Available
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.

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