| 5.66% cap rate on Day 1 with $157,131 NOI in place — stable, diversified cash flow from storage, outdoor parking, and a fully leased office building |
| Storage rents 15–62% below market: 10x20 units at $110/mo vs. competitors at $137–$178/mo — immediate NOI upside through simple annual rent increases |
| Federally Designated Opportunity Zone: defer capital gains through reinvestment; potential tax-free appreciation after 10 years — a rare tax shelter l |
| Unzoned parcels — no zoning designation exists on either parcel — add storage units, climate-controlled buildings, flex/contractor bays, or mixed-use |
James Schons
REAL of Pennsylvania
