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Self-Storage Facility

U-Store N Lok

416 E Randolph Rd, Hopewell, VA 23860

Listing Price: $2,800,000

Cap Rate
4.31%
Number of Units
345
Occupancy
83.0%
Rentable SF
36,855
Price/Rentable SF
$75.97
Year Built
1985

Investment Overview

Marcus & Millichap is pleased to offer for sale U-Store N Lok located in Hopewell, Virginia. This property was built in 1985 and features 345 non-climate units totaling 36,855 net rentable square feet. This is a stabilized and cash-flowing facility that benefits from excellent street frontage and a growing surrounding population. U-Store N Lok sits on 6.34 acres of land and is located about 18 miles south of Richmond, Virginia.

Investment Highlights

  • Richmond, VA MSA Stabilized Self Storage Offering with Large Upside
  • Well Below Market Rents
  • Site Currently Does Not Utilize Tenant Insurance or Have Any Ancillary Income Streams
  • 36,855 Net Rentable Square Feet
  • 345 Total Units

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

Self-Storage Facility

U-Store N Lok

Listing Price: $2,800,000

Cap Rate
4.31%
Number of Units
345
Occupancy
83.0%
Rentable SF
36,855
Price/Rentable SF
$75.97
Year Built
1985

Investment Highlights

  • Richmond, VA MSA Stabilized Self Storage Offering with Large Upside
  • Well Below Market Rents
  • Site Currently Does Not Utilize Tenant Insurance or Have Any Ancillary Income Streams
  • 36,855 Net Rentable Square Feet
  • 345 Total Units

Investment Overview

Marcus & Millichap is pleased to offer for sale U-Store N Lok located in Hopewell, Virginia. This property was built in 1985 and features 345 non-climate units totaling 36,855 net rentable square feet. This is a stabilized and cash-flowing facility that benefits from excellent street frontage and a growing surrounding population. U-Store N Lok sits on 6.34 acres of land and is located about 18 miles south of Richmond, Virginia.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

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