Prices Fork Self Storage 920 Magnolia Ln Immeuble | 1 838 m² | Spécialité | À vendre 1 569 188 € | Taux de capitalisation 7,65 % | Christiansburg, VA 24073

John 14:6 - Jesus said unto him "I am the way, the truth, and the life. No one comes to the Father except through Me."
Prices Fork Self Storage is a compelling investment opportunity in Christiansburg, VA, within the Blacksburg-Christiansburg-Radford Metropolitan Statistical Area, which has a population of 152,720. Located at 920 Magnolia Ln, this facility offers 18,767 rentable square feet across 267 units, with a physical occupancy of 38%, presenting strong upside potential. During the period of College Break from April to August, occupancy surges to nearly 100% and monthly revenue triples!
The property spans 3.08 acres and includes 134,252 gross square feet across six single-story buildings constructed of metal and wood. Built in 1980, the facility is positioned for value-added enhancements to increase revenue and occupancy.
Priced at $1,850,000 with a 7.65% cap rate and price per sq. ft. of $114.36, Prices Fork benefits from high demand in a market with less than four sq. ft. of storage per capita. The property is strategically located near Highway 412, with a traffic count of 17,000 vehicles per day, ensuring excellent visibility and accessibility. Its proximity to four major colleges and universities—Virginia Tech University, New River Community College, Radford University, and Life Pacific University—further supports a consistent tenant base.
With easy-to-use storage management software and steady population growth in the area, this property offers a prime opportunity for investors to maximize returns through operational efficiencies and rate adjustments. Prices Fork Self Storage stands as an excellent value-add investment in a high-demand market.