Reading, PA 19604 1128 Pike Street

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