920 Magnolia Ln - Self-Storage Facilities FOR SALE


Christiansburg, VA 24073
$1,850,000 USD
760-534-8135
920 Magnolia Ln, Christiansburg, VA for Sale
$1,850,000 USD
Self-Storage Facilities - FOR SALE
1/23
null | 7.65% Cap Rate

920 Magnolia Ln
Christiansburg, VA 24073


HIGHLIGHTS

  • Less than 4 sq. ft. Per Capita
  • Easy Storage Management Software
  • Excess Land for Expansion
  • Proximity to New Housing Development
  • Surging Demand During College Beaks
  • Proximity to 4 Colleges & Universities

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$94 USD /SF

CAP RATE

7.65%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prices Fork Self Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

ADD'L SUBTYPES

Parking Garage, Parking Lot, Contractor Storage Yard

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.08 AC

LAND SF

134,165 SF

ZONING

General Business

APN/PARCEL ID

022027

ASK ABOUT THIS PROPERTY

Brandon RobinsonCalvary RealtyMore Info
760-534-8135

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Brandon RobinsonCalvary RealtyMore Info
760-534-8135

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