Prices Fork Self Storage in Christiansburg, VA, presents a compelling investment opportunity. This facility, located at 920 Magnolia Ln within the thriving Blacksburg-Christiansburg-Radford Metropolitan Statistical Area (population 152,720), offers 18,767 rentable square feet across 267 units.

Currently, it operates at 38% physical occupancy, indicating significant room for upside potential. Notably, during the college break period from April to August, occupancy consistently surges to nearly 100%, tripling monthly revenue.

The property sits on 3.08 acres and features six single-story metal and wood buildings, totaling 134,252 gross square feet, originally built in 1980. This established infrastructure is ripe for value-added enhancements to boost both revenue and occupancy.

Financial Snapshot and Market Advantage

Priced at $1,850,000, Prices Fork boasts an attractive 7.65% cap rate and a price per square foot of $114.36. The local market exhibits high demand, with less than four square feet of storage per capita, further solidifying its investment appeal.

Its strategic location near Highway 412, which sees 17,000 vehicles daily, ensures excellent visibility and accessibility. The facility also benefits from its proximity to four major educational institutions: Virginia Tech University, New River Community College, Radford University, and Life Pacific University, guaranteeing a consistent tenant base.

Opportunity for Growth

With user-friendly storage management software already in place and a steady increase in the local population, Prices Fork Self Storage offers investors a prime chance to maximize returns. This can be achieved through operational efficiencies and strategic rate adjustments. This property stands out as an excellent value-add investment in a high-demand market.