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Self-Storage Facility

Fredericksburg, VA Two Property Storage Portfolio

65 Cool Springs Rd, Fredericksburg, VA 22405

Listing Price: $6,400,000

Occupancy
78.0%
Gross SF
106,375
Rentable SF
106,375
Price/Rentable SF
$60.16
Year Built
2024

Investment Overview

Marcus & Millichap is pleased to offer for sale a unique self-storage opportunity consisting of Two storage assets located within the Fredericksburg, VA MSA. The first property is a value add 35,000 NRSF existing asset with 65 additional parking spots on 4.8 acres. A new Climate building was added at the end of 2022. The second site is located approximately 7 miles away and is a fully approved/entitled storage development opportunity. This property plans to feature 443 climate-controlled units totaling 71,325 net rentable square feet. This facility will benefit from excellent street frontage and a growing surrounding population. Both of these properties are situated in a high growth market with over 8% growth projected over the next 5 years. Average household incomes over 100k within five miles of each site. These properties can be sold separately.

Investment Highlights

  • Ability to purchase an existing cash-flowing Storage property with an approved development just a few miles away
  • 106,375 total rentable SF between the two sites
  • Projected 8% population growth over the next 5 years
  • Located on Well trafficked road with excellent visibility (30,000 VPD)
  • Average household income well over $100,000 in the market
  • Properties can be bought separately

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

Self-Storage Facility

Fredericksburg, VA Two Property Storage Portfolio

Listing Price: $6,400,000

Occupancy
78.0%
Gross SF
106,375
Rentable SF
106,375
Price/Rentable SF
$60.16
Year Built
2024

Investment Highlights

  • Ability to purchase an existing cash-flowing Storage property with an approved development just a few miles away
  • 106,375 total rentable SF between the two sites
  • Projected 8% population growth over the next 5 years
  • Located on Well trafficked road with excellent visibility (30,000 VPD)
  • Average household income well over $100,000 in the market
  • Properties can be bought separately

Investment Overview

Marcus & Millichap is pleased to offer for sale a unique self-storage opportunity consisting of Two storage assets located within the Fredericksburg, VA MSA. The first property is a value add 35,000 NRSF existing asset with 65 additional parking spots on 4.8 acres. A new Climate building was added at the end of 2022. The second site is located approximately 7 miles away and is a fully approved/entitled storage development opportunity. This property plans to feature 443 climate-controlled units totaling 71,325 net rentable square feet. This facility will benefit from excellent street frontage and a growing surrounding population. Both of these properties are situated in a high growth market with over 8% growth projected over the next 5 years. Average household incomes over 100k within five miles of each site. These properties can be sold separately.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

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