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Self-Storage Facility

Gretna Self-Storage

130 Zebra Rd, Gretna, VA 24557

Listing Price: $725,000

Cap Rate
6.52%
Number of Units
63
Occupancy
100.0%
Rentable SF
8,928
Price/Rentable SF
$81.21
Year Built
1990

Investment Overview

Marcus & Millichap is proud to present an exceptional investment opportunity with the exclusive listing of Gretna Self-Storage, located at 130 Zebra Rd in the charming town of Gretna, Virginia. This well-established property spans 1.35 acres and features a total of 63 drive-up storage units, boasting an impressive 100% physical occupancy (totaling 8,928 net rentable square feet) along with 3 convenient outdoor parking spaces.

A comprehensive analysis of the market's saturation rates for self-storage shows favorable numbers: within 3 miles, the density is 4.8 square feet per capita, 2.1 square feet per capita for a 5-mile radius, and extends to 1.6 square feet per capita at a 10-mile distance. This data clearly illustrates the strong market demand in the area, suggesting limited supply versus a consistently high demand for self-storage solutions.

What further sets Gretna Self-Storage apart is the lack of forthcoming developments within a 10-mile radius, effectively reducing the risk of future competition and preserving the potential for rental rate increases and a firmly established customer base.

Beyond its operational strengths, Gretna Self-Storage benefits from excellent visibility and strategic accessibility. Located just one mile west of Gretna, VA, off Highway-40, the site offers effortless access for both existing and potential clients, strengthening its competitive edge in the market.

This property represents a valuable asset with stable cash flow in a market with minimal competition. Gretna Self-Storage offers investors an extraordinary chance to own a high occupancy self-storage facility in an area that is experiencing persistent customer demand amidst an environment of under-served storage needs.

Investment Highlights

  • 98% physical occupancy
  • Market Saturation : 3-mile radius 4.8 SF/Capita , 5-mile radius 2.1 SF/Capita , 10-mile radius 1.6 SF/Capita
  • No planned / new construction within a 10-mile radius
  • 1 competitor with-in a 10-mile radius

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

Gretna Self-Storage

Listing Price: $725,000

Cap Rate
6.52%
Number of Units
63
Occupancy
100.0%
Rentable SF
8,928
Price/Rentable SF
$81.21
Year Built
1990

Investment Highlights

  • 98% physical occupancy
  • Market Saturation : 3-mile radius 4.8 SF/Capita , 5-mile radius 2.1 SF/Capita , 10-mile radius 1.6 SF/Capita
  • No planned / new construction within a 10-mile radius
  • 1 competitor with-in a 10-mile radius

Investment Overview

Marcus & Millichap is proud to present an exceptional investment opportunity with the exclusive listing of Gretna Self-Storage, located at 130 Zebra Rd in the charming town of Gretna, Virginia. This well-established property spans 1.35 acres and features a total of 63 drive-up storage units, boasting an impressive 100% physical occupancy (totaling 8,928 net rentable square feet) along with 3 convenient outdoor parking spaces. A comprehensive analysis of the market's saturation rates for self-storage shows favorable numbers: within 3 miles, the density is 4.8 square feet per capita, 2.1 square feet per capita for a 5-mile radius, and extends to 1.6 square feet per capita at a 10-mile distance. This data clearly illustrates the strong market demand in the area, suggesting limited supply versus a consistently high demand for self-storage solutions. What further sets Gretna Self-Storage apart is the lack of forthcoming developments within a 10-mile radius, effectively reducing the risk of future competition and preserving the potential for rental rate increases and a firmly established customer base. Beyond its operational strengths, Gretna Self-Storage benefits from excellent visibility and strategic accessibility. Located just one mile west of Gretna, VA, off Highway-40, the site offers effortless access for both existing and potential clients, strengthening its competitive edge in the market. This property represents a valuable asset with stable cash flow in a market with minimal competition. Gretna Self-Storage offers investors an extraordinary chance to own a high occupancy self-storage facility in an area that is experiencing persistent customer demand amidst an environment of under-served storage needs.

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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