333 Lombard Street

Prime self-storage investment opportunity at 333 Lombard Street in Reading, PA, consisting of 34 total units, including thirty-three 9x17 units and one larger 18x17 unit. This centrally located site in Reading offers convenient access, a strong rental history, and recent capital improvements including freshly paved surfaces and roll-up doors. Electric utilities support the sites minimal operating needs, and tenants benefit from ease of access and standardized unit sizing. The property currently generates $39,026 in income with a net operating income (NOI) of $30,767.05, reflecting a 7% CAP rate. Pro forma projections show potential income of $50,000 and NOI of $41,156, delivering a 9.4% CAP rate with improved occupancy and rental optimization. With low maintenance costs and a proven rental track record, this asset is well-positioned for continued growth and stable returns. This property is part of a larger portfolio totaling over 500 self-storage units across the Reading area, providing scalable investment potential. 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