Industrial Space For Lease @ 500 S. Cascade Street

SVN is pleased to offer For Sale Safeguard Storage and Cascade Mini Storage located in New Castle, Pennsylvania in the Pittsburgh -Youngstown-Cleveland corridor. This portfolio is a value-add opportunity with existing storage and infrastructure plus expansion land included to expand to just under 60,000 SF in an under-served market. The properties are fenced with electronic gates and feature 2 sites with a combined total of 23,100 SF on 3.7 Acres. Newcastle, Pennsylvania is a dynamic market that is part of the Pittsburgh Combined Statistical Area between Pittsburgh and Cleveland, just outside of Youngstown, Ohio. New Castle, PA is located only about 40 miles from the Pittsburgh International Airport and about 80 miles from Cleveland and only about 10 minutes from Youngstown, Ohio. The storage properties have high visibility and strong drive by traffic. The New Castle MSA has a population of approximately 85,000 people and these sites show only 3 SF of storage per person in the 3 mile radius. Pro-Forma NOI on the current storage is about $105,000. This space offers accomodations for: self storage.