The Cushman & Wakefield Self Storage Advisory Group has been retained as exclusive advisors to offer for sale Snapbox Self Storage in Philadelphia, PA.

This offering presents a unique opportunity to acquire a modern, state-of-the-art self-storage facility in the economically diverse Philadelphia market. The Property totals 104,175 rentable square feet across 1,073 climate-controlled units, offering drive-in access for tenant convenience. The facility features top-notch security systems, including gated entry and security cameras, ensuring the safety of stored belongings.

As of September 2024, the Property was 85.7% occupied. Amenities include drive-up access, parking, on-site management, truck rentals, and contactless renting. Additionally, the Property benefits from a tax abatement effective through 2031.

Strategically located near I-95 and Woodhaven Rd, within the bustling Liberty Plaza shopping complex, the Property benefits from high visibility and significant traffic, with over 64,000 vehicles passing daily. The area boasts a dense population of over 106,500 residents within a three-mile radius and a median household income of just over $78,000, making it an ideal location for a self-storage facility.

This Property is the perfect fit for buyers looking for value-add returns with significant in-place revenue. The recent integration into the Go Store It platform has accelerated move-ins and improved operating margins. Additionally, the Property has a 10-year tax abatement with seven years remaining, providing substantial tax benefits. Newly implemented pricing and rate increase strategies have resulted in significant revenue gains, making this an attractive investment with immediate upside potential.