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920 Magnolia Ln
Christiansburg, VA 24073

$1,750,000 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 7.54 %
  • Zoning General Business
0 Transit Score
0 Walk Score

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.
Cap Rate: 7.54 %

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