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920 Magnolia Ln - Prices Fork Self Storage 19,786 SF Specialty Building Offered at $2,393,177 CAD at a 7.54% Cap Rate in Christiansburg, VA 24073
Investment Highlights
- Offered at $1,750,000 with a 7.55% in-place cap rate on T-12 NOI and 50% occupancy.
- ±16,127 rentable SF on ±3.08 acres with ±1 acre for future expansion opportunity.
- Supply-constrained market with only 4.55 SF/capita in 3-mile radius and no new supply.
- 256 non-climate-controlled units plus 11 parking spaces for a total of 267 rentable spaces.
- Located 5 miles from Virginia Tech and Radford University with 45,000+ students.
- Significant operational upside through professional management and lease-up.
Executive Summary
Kyle Matthews
Matthews Real Estate Investment Services, Inc
License # 226035518, 225225982 (VA)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # 226035518, 225225982 (VA)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
| Price | $2,393,177 CAD | Property Subtype | Self-Storage |
| Price Per SF | $148.40 CAD | Building Class | C |
| Sale Type | Investment | Building Size | 16,127 SF |
| Cap Rate | 7.54% | No. Stories | 2 |
| Property Type | Specialty | Year Built | 1980 |
| Zoning | General Business | ||
| Price | $2,393,177 CAD |
| Price Per SF | $148.40 CAD |
| Sale Type | Investment |
| Cap Rate | 7.54% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Building Size | 16,127 SF |
| No. Stories | 2 |
| Year Built | 1980 |
| Zoning | General Business |
Amenities
- Signage
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Property Taxes
| Parcel Number | 022027 | Improvements Assessment | $766,332 CAD |
| Land Assessment | $210,690 CAD | Total Assessment | $977,023 CAD |
Property Taxes
Parcel Number
022027
Land Assessment
$210,690 CAD
Improvements Assessment
$766,332 CAD
Total Assessment
$977,023 CAD
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920 Magnolia Ln - Prices Fork Self Storage
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