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.