920 Magnolia Ln - Self-Storage Facilities FOR SALE
Christiansburg, VA 24073 |
$1,750,000 USD
770-728-8407
920 Magnolia Ln
Christiansburg, VA 24073
HIGHLIGHTS
- Offered at $1,750,000 with a 7.55% in-place cap rate on T-12 NOI and 50% occupancy.
- 256 non-climate-controlled units plus 11 parking spaces for a total of 267 rentable spaces.
- ±16,127 rentable SF on ±3.08 acres with ±1 acre for future expansion opportunity.
- Located 5 miles from Virginia Tech and Radford University with 45,000+ students.
- Supply-constrained market with only 4.55 SF/capita in 3-mile radius and no new supply.
- Significant operational upside through professional management and lease-up.
FOR SALE DETAILS
PRICE
$1,750,000 USD
PRICE/SF
$88 USD /SF
CAP RATE
7.54%
% 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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