1128 Pike St

Prime value-add opportunity at 1128 Pike Street, Reading, PA. This property includes 34 self-storage units plus an income-producing commercial space, supported by electric, water, and sewer utilities. The layout is highly functional and maintains high occupancy with long-term tenants, ensuring stability and consistent performance. Current income is $63,791 with a net operating income (NOI) of $52,343.89, yielding a strong 9.3% CAP rate. Pro forma projections show the potential to increase income to $71,520 and NOI to $60,712, boosting the CAP rate to 10.1% through improved lease rates and operational optimization. This asset is part of a larger portfolio of over 500 storage units currently available in Reading, offering flexibility and scalability for investors focused on storage performance and market consolidation. 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