The Self-Storage Advisory Group of Cushman & Wakefield has been selected to exclusively market the Philadelphia MSA Portfolio opportunity in
Frazer, PA, and Williamstown, NJ. The two properties represent a well-maintained storage portfolio comprised of 170,920 rentable square feet on approximately 21.31 acres of land. The facilities total 200 climate-controlled units, 975 non-climate controlled drive-up units, 47 offices, 12 mailbox units, and 37 parking spaces for a total of 1,271 units. Both properties offer a wide variety of premium options to accommodate the affluent population in the Philadelphia MSA.
The Frazer, PA facility offers amenities such as around-the-clock video recording, well-lit premises, and an on-site resident manager providing customers better peace of mind when booking a rental here. Additionally, there is a projected annual growth rate of 1.7 percent over the next several years, surpassing the national average. The property is perfectly located in the suburbs of Philadelphia which is a desirable component of East Whiteland Township. This facility benefits from a prosperous annual median household income exceeding $79,000 within three miles. The facility sits on Route 202 and Highway 30 “Lancaster Ave” offering prime visibility from Interstate; these thoroughfares witness traffic counts of over 71,953 and 16,053 vehicles per day, respectively. Lancaster Avenue has an expansion potential to add an additional 9,800SF of climate-controlled units. The Frazer property is located approximately three miles north of Exton Square and eleven miles west of King of Prussia, one of the largest shopping malls in the United States, as well as being encompassed by several national retailers and shopping centers, drawing consistent traffic into the vicinity. Driving the median income is 100K+ in Frazer Township. Chester County is a prominent district of the Philadelphia Metropolitan Area and is ideally situated about 30 minutes from downtown Philadelphia.
The Williamstown, NJ located in the Township of Monroe and is strategically positioned between I-295; Routes 55, 47, & 40; the AC Expressway; and the NJ Turnpike making this property centrally located between Philadelphia and Atlantic City. This property is located just off Black Horse Pike, a major thoroughfare, that offers high visibility and has excellent physical and economic occupancies of 93 percent and 63 percent, respectively. This property offers immediate expansion potential with obtained approval through the county for an additional 32,150 NRSF of climate-controlled and drive-up units. The
facility benefits from an excellent average household income exceeding $100,000 annually, far surpassing the national average. To ensure secure storage, the
property utilizes around-the-clock video recording and bright lighting This opportunity allows an investor the ability to acquire two physically stabilized storage assets with several avenues for upside in the thriving Philadelphia MSA market. These properties have room to grow their rents in addition to having economic occupancies much lower than physical.