1614 N Valley Pike - Flex FOR SALE


Rockingham, VA 22802
$5,295,000 USD
540-820-7008
1614 N Valley Pike, Rockingham, VA for Sale
$5,295,000 USD
Flex - FOR SALE
1/57
null | Request Cap Rate

1614 N Valley Pike
Rockingham, VA 22802


HIGHLIGHTS

  • 2.35 Acres on Rt. 11, easy access to I-81
  • Zoned B-1
  • Traffic counts: 9,500 +/- AADT
  • High Occupancy Rate

OVERVIEW

Great investment opportunity for an immediate income producing turnkey mini storage facility with consistently high occupancy rates over the past 19+ yrs. Ideal strategic location on North Valley Pike (Rt 11) on the North end of Harrisonburg. Close to JMU, Downtown Harrisonburg, EMU, VMRC, and the Technology Park with easy access to I-81. 241 Units with over 21,500 sq ft +/- (Ambient and climate-controlled units). Development / expansion opportunity with approved Rockingham County site plan for up to 100 additional units adding an extra 6450 sq ft +/- potential. An onsite office with updated security camera system and high-tech rental management and accounting software allowing for minimal time and labor weekly to operate. Great property for a 1031 exchange! Don’t let this opportunity pass you by!

FOR SALE DETAILS

PRICE

$5,295,000 USD

PRICE/SF

$246 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

NORTH MAIN STREET MINI STORAGE | 241 UNITS

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

UTILITIES

Gas

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

B1

APN/PARCEL ID

94-A-L134/B

ASK ABOUT THIS PROPERTY

Keith MayCottonwood CommercialMore Info
540-820-7008

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Keith MayCottonwood CommercialMore Info
540-820-7008

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.