1536 HAAK STREET

READING, PA 19602

Excellent turnkey investment opportunity at 1536 Haak Street in Reading, PA, offering 36 self-storage units in a secure, fully fenced facility. This newer construction site is 100% occupied and features a strong unit mix consisting of thirty-three 9x17 units, one 18x17 unit, and two larger 20x20 units, appealing to both personal and light commercial users. The property runs on electric utilities and benefits from high tenant demand and minimal operational oversight. Current income is $59,212 with a net operating income (NOI) of $46,391.76, reflecting a strong 9.3% CAP rate. Pro forma projections show income potential of $70,980 and NOI of $58,801.85, pushing the CAP rate to 11.8% with modest rental increases and active management. The stable occupancy and quality infrastructure make this a high-performing asset with immediate cash flow and continued upside. This property is part of a broader portfolio of over 500+ storage units available throughout the Reading market. Additional properties in the portfolio include: 826 Hampden – 17 units 824 Ritter – 13 units 511 Birch – 10 units 340 Locust – 18 units 333 Lombard – 34 units 1536 Haak – 36 units 625 N. 13th – 22 units 1128 Pike – 34 units 1200 N 9th Street – 66 units 306 N 13th Street – 1 unit 1541 Fairview – 8 units 635-R Weiser – 1 unit 521 S 16th Street – 10 units 328 Chestnut – 8 units 1214 Weimer – 10 units 741 Church – 12 units 330 Robeson - 1015 Rose – 96 units 364 Blair – 86 units

Listing courtesy of KW Commercial



The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.