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920 Magnolia Ln
Christiansburg, VA 24073

$1,575,000 USD

Self Storage For Sale  •  19,786 SF

Property Details

  • Property Type Self Storage
  • Total Building Size 16,127 SF
  • Building Class C
  • Year Built 1980
  • Cap Rate 8.39 %
  • Zoning General Business
10 Walk Score

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.
Cap Rate: 8.39 %

Major Tenants

Tenant SF Occupied Lease End Date
Prices Fork Self Storage

Amenities

  • Signage
Zachary Tryon 770-728-8407 Matthews Real Estate Investment Services
Zachary Tryon 770-728-8407 Matthews Real Estate Investment Services