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Self-Storage Facility

Storage Depot

2424 Castleton Commerce Way, Virginia Beach, VA 23454

Listing Price: Request For Offer

Number of Units
787
Occupancy
95.0%
Rentable SF
391,318
Year Built
2008

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Storage Depot located in Virginia Beach, Virginia. The facility consists of 227 climate-controlled units, 152 non-climate-controlled drive-up units, 30 indoor units, 378 commercial units, and one apartment unit totaling 391,318 net rentable square feet. There are also 187 parking spaces available for rent. This is a stabilized cash flowing facility that is currently 95 percent physically occupied. The property is secured with a keypad entry, an on-site management office, and 24-hour video surveillance. The location of this facility benefits from a dense and growing surrounding population. The population within five miles of the facility is 161,715, which represents a 9 percent increase since 2000 and is expected to continue to grow over the next five years. They are located off a busy street and are surrounded by lots of residential neighborhoods, as well as, restaurants, retail stores, and Naval Air Station Oceana. This offers the facility great street frontage and high daily traffic counts of around 17,100 cars per day off London Bridge Road.

Investment Highlights

  • Large, Class-A Storage and Commercial Warehouse Facilities with Large Upside
  • Located in the Heart of Virginia Beach
  • 391,318 Net Rentable Square Feet
  • 409 Storage Units | 378 Commercial Units | 187 Parking Spaces | One Apartment
  • In the Process of Adding 56 More Parking Spaces

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

Storage Depot

Listing Price: Request For Offer

Number of Units
787
Occupancy
95.0%
Rentable SF
391,318
Year Built
2008

Investment Highlights

  • Large, Class-A Storage and Commercial Warehouse Facilities with Large Upside
  • Located in the Heart of Virginia Beach
  • 391,318 Net Rentable Square Feet
  • 409 Storage Units | 378 Commercial Units | 187 Parking Spaces | One Apartment
  • In the Process of Adding 56 More Parking Spaces

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Storage Depot located in Virginia Beach, Virginia. The facility consists of 227 climate-controlled units, 152 non-climate-controlled drive-up units, 30 indoor units, 378 commercial units, and one apartment unit totaling 391,318 net rentable square feet. There are also 187 parking spaces available for rent. This is a stabilized cash flowing facility that is currently 95 percent physically occupied. The property is secured with a keypad entry, an on-site management office, and 24-hour video surveillance. The location of this facility benefits from a dense and growing surrounding population. The population within five miles of the facility is 161,715, which represents a 9 percent increase since 2000 and is expected to continue to grow over the next five years. They are located off a busy street and are surrounded by lots of residential neighborhoods, as well as, restaurants, retail stores, and Naval Air Station Oceana. This offers the facility great street frontage and high daily traffic counts of around 17,100 cars per day off London Bridge Road.

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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