Philadelphia C/O Self- Storage Opportunity

2258 E TIOGA ST PHILADELPHIA, PA | PURCHASE PRICE TBD

Grandstone Investment Sales is pleased to present the opportunity to acquire a brand-new self-storage facility totaling 68,379 NRSF across 771 units. The property features 729 climate-controlled storage units totaling 61,575 NRSF, complemented by 42 covered parking spaces totaling 6,804 square feet.

The facility is a new 2026 delivery currently in initial lease-up at approximately 25.3% physical occupancy. The property provides an incoming investor the opportunity to implement its preferred management platform, leasing strategy, and revenue management program.

The property benefits from an exceptionally strong demographic profile, with more than 300,000 residents within three miles and approximately 900,000 residents within five miles, coupled with very low existing self storage saturation across the 1-, 3-, and 5-mile trade areas.

With new construction, predominantly climate-controlled inventory, covered parking, limited surrounding storage supply, and significant population density, the offering represents a compelling opportunity to acquire a newly delivered asset and capture the full value creation associated with lease-up and stabilization.

INVESTMENT
HIGHLIGHTS

  • BRAND-NEW 2026 CLASS A BUILD
    771 units, 68,379 NRSF, all storage units climate controlled plus 42 covered parking bays. Currently in initial lease-up at approximately 25.3% physical occupancy.
  • STRUCTURALLY UNDERSUPPLIED TRADE AREA
    Just 3.18 rentable SF per capita within 3 miles (vs the <7 SF/capita undersupply threshold), across 18 operating facilities totaling ~972,421 SF; even with 283,524 SF under construction the market stays near 4.1 SF/capita.
  • DENSE INFILL DEMAND BASE
    305,615 residents and 109,414 households within 3 miles of the site in a top-tier East Coast metro.
  • EV CHARGING EXPANSION
    An application is currently under review for the installation of 8 EV charging ports at the facility, which could generate over $500,000 in annual revenue at full capacity and provide additional upside.

Broker of record: BRIAN BROCKMAN | Bang Realty- Pennsylvania Inc | bor@bangrealty.com | License: RM432816