Philadelphia MSA Portfolio

Philadelphia MSA Portfolio2021-03-18T14:09:01-04:00

Project Description

The Self-Storage Advisory Group of Cushman & Wakefield has been selected to exclusively market for sale of Philadelphia MSA Portfolio located in PA and NJ.

Call for Offers due March 25, 2021

Market Bid

NRSF – 170,785

640 N Black Horse Pike, Williamstown, NJ

641 Lancaster Ave, Frazer, PA

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.

  • Sign CA to View Offering Memorandum

  • 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 Philadelphia MSA Portfolio.

    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.