920 Magnolia Ln - Self-Storage Facilities FOR SALE
Christiansburg, VA 24073 |
$1,575,000 USD
770-728-8407
920 Magnolia Ln
Christiansburg, VA 24073
HIGHLIGHTS
- Attractive in-place cap rate of 8.39% on trailing-12 NOI with a projected year 3 cap rate of 12.26%.
- ±4.65 square feet per capita within the 3-mile and 5-mile trade areas.
- Located 5 miles from Virginia Tech and Radford University which have a combined enrollment of over 45,000 students.
- Upside through professional management and lease-up - the facility is currently operated by a mom-and-pop owner.
- Approximately 1 acre included for future expansion opportunity.
- The Blacksburg-Christiansburg-Radford MSA is currently the 2nd fastest-growing MSA in Virginia by GDP growth.
FOR SALE DETAILS
PRICE
$1,575,000 USD
PRICE/SF
$80 USD /SF
CAP RATE
8.39%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Prices Fork Self Storage
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Self-Storage Facilities
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
C
YEAR BUILT
1980
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
General Business
APN/PARCEL ID
022027
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770-728-8407
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770-728-8407
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