Investment Overview

Marcus & Millichap is proud to present an exclusive listing for the sale of Centerville Mini Storage, strategically located at 4005 Halifax Road in the bustling community of South Boston, Virginia. This self-storage facility is situated on a nearly one-acre parcel (.94-acre) and features 86 well-maintained drive-up units (10,200 NRSQFT) that boast an impressive 95% physical occupancy rate , reflecting robust demand and operational efficiency. An analysis of the market's current saturation levels for self-storage reveals encouraging statistics within various proximities: there is a density of 4.8 square feet per capita within a 3-mile radius, 2.1 square feet per capita within a 5-mile radius, and 1.6 square feet per capita extending out to a 10-mile radius. These figures underscore the facility’s strong position within the local market landscape, highlighting an opportunity to capitalize on the area's limited supply of self-storage options. Importantly, there are no known developments planned within a 10-mile radius, presenting a distinct competitive advantage by mitigating the risk of oversupply. The absence of significant competition in the vicinity allows for potential market rate growth and a stable customer base. Centerville Mini Storage commands excellent visibility and is easily accessible from Route 501—a major thoroughfare with significant traffic flow. This advantageous location is further bolstered by the property's proximity to major retailers such as Walmart and Lowe's Home Improvement, situated at the intersection of Halifax Road and Old Halifax Road. These neighboring establishments not only serve as key landmarks but also drive additional traffic, ultimately benefitting the facility. In summary, Centerville Mini Storage offers an exceptional investment opportunity in the self-storage industry, characterized by a high occupancy rate, favorable market saturation metrics, limited nearby competition, and a prime location with prominent visibility and accessibility.