202-471-3601
362 Mountain Ave, White Sulphur Springs, WV for Sale
Warehouse - FOR SALE
1/53
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362 Mountain Ave
White Sulphur Springs, WV 24986


HIGHLIGHTS

  • Significant Lease-Up Opportunity – The property is currently 16% physically occupied, presenting a strong value-add opportunity.
  • Climate-Controlled Facility – The only facility of its kind within a 5-mile radius, providing a competitive advantage.
  • High Market Rents – Market rents are $1.40 per square foot, offering strong revenue potential.
  • Prime Location & Visibility – Located at the intersection of Mountain Avenue and Kyer Street, just off Main Street, with visibility from Interstate 64
  • Flexible Management Options – New ownership can operate the facility fully staffed, fully remote, or as a hybrid model.

OVERVIEW

The Self-Storage Advisory Group of Cushman & Wakefield has been exclusively retained to market the sale of FreeUp Storage – White Sulphur Springs in White Sulphur Springs, WV. This is a prime opportunity to invest in a newly converted, state-of-the-art self-storage facility in White Sulphur Springs, WV. The property spans 37,593 NRSF and features 329 fully climate-controlled units, making it the only fully climate-controlled facility in the 5-mile trade area. Currently in early lease-up with a physical occupancy of just 16%, this asset presents a tremendous lease-up and revenue growth opportunity. With market rents at $1.40 per square foot, new ownership can capitalize on premium pricing while implementing an aggressive leasing strategy. Strategically located just two blocks off Main Street at the intersection of Mountain Avenue and Kyer Street, the facility boasts excellent visibility from Interstate 64, ensuring strong demand from local residents and businesses. Tenant amenities include access-controlled entry, bright lighting, temperature-controlled units, and 24-hour video surveillance for enhanced security. Additionally, the property offers management flexibility, allowing new ownership to operate it as a fully staffed, fully remote, or hybrid facility. White Sulphur Springs is a charming and historic mountain town, known for its scenic beauty and thriving tourism industry. As the gateway to the George Washington & Jefferson National Forest, the area attracts outdoor enthusiasts, history buffs, and those seeking a mountain retreat. The local economy is further bolstered by The Greenbrier Resort, often referred to as “America’s Resort,” which has a storied history dating back to the Civil War and has hosted 27 U.S. Presidents. With high market rents, flexible management options, and significant revenue upside, FreeUp Storage – White Sulphur Springs represents a best-in-class investment opportunity in a high-demand market.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lease-Up Conversion Self-Storage Opportunity

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

1

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.21

LAND SF

139,828

ZONING

LI

APN/PARCEL ID

17 1200470000

ASK ABOUT THIS PROPERTY

Ross BaileyCushman & WakefieldMore Info
202-471-3601

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Ross BaileyCushman & WakefieldMore Info
202-471-3601

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.