6465 CARLISLE PIKE

MECHANICSBURG, PA, 17050

$650,000

$64 per ft²
$650,000
$64 per ft²
Pending
Pending
 - For Sale
carpenters-square
10,150 ft²
property_type
Commercial
calendar
Built 1986
Subject to a 99 year land lease at $1 per year. This is your chance to own the Quick Quality Storage facility conveniently located on Carlisle Pike with a fantastic commercial location near Walmart, Target, Best Buy, Aldis, Wegmans, and many other well established businesses. This will be an off-conveyance of a larger property and after subdivision the storage portion will be 1.25-1.5 acres approximately. The storage parcel sits up on a ledge with great visibility just behind the new ModWash. There are currently about 99 units with a total square foot number of roughly 10,150. The owners have done some improvements such as all new roll up doors ($56,006 in 2020) and paint & repairs to the exterior ($10,695 in 2021). With the current rent roll there is an 7.6% Cap Rate and at the current Occupancy Rate (97.3%) a Pro Forma Cap Rate of 15.6% if all in-place rents were modified to the new amount.
MLS® ID:
PACB2001648
Updated:
10/6/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
None
Heating
None

Exterior/Building Features

Lot Size
1.5 acres lot
Sewer
Public Sewer

School Information

School District
CUMBERLAND VALLEY
High School
CUMBERLAND VALLEY

Other Property Details

Area Name
Silver Spring Twp (14438)
Taxes
$25204.00
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
CUMBERLAND
Water Source
Public
Pool
No
Zoning
COMMERCIAL

Property History

Date
Event
Price
Value
10/21/21
Price Change
$650,000
-7%
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