Self-Storage Facility
Cheat Lake Storage
858 Tyrone Rd, Morgantown, WV 26508
Listing Price: $4,500,000
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale Cheat Lake Storage located in Morgantown, West Virginia. This self storage facility is situated on 5.36 acres of land and currently features 37 climate controlled, 123 non-climate controlled self storage units, and 107 indoor parking spaces, and 18 covered parking spaces totaling 64,057 net rentable square feet. Cheat Lake Storage benefits from a good location with excellent visibility along Tyrone Road and expansion plans to replace the 22,425 square foot upper building with climate-controlled storage units.
Cheat Lake Storage
Investment Highlights
- Morgantown, WV Self-Storage Offering with Significant Upside
- 64,057 Net Rentable Square Feet
- 37 CC Units, 123 NCC Units, 107 Indoor Parking Spaces, and 18 Covered Parking Spaces
- Potential Conversion Opportunity | Current Indoor Boat Storage Warehouse Can Be Converted into an Additional 22,425 NRSF of Storage; Seller Quoted at $781,213 by Heartland Building Group
- Assumable Loan of $2,230,000 | 8.5 Years Remaining | 5.37% Interest Rate | 25 Year Amortization | 1% Assumption Fee
Broker of Record
Financing By
Listing Price: $4,500,000
Investment Highlights
- Morgantown, WV Self-Storage Offering with Significant Upside
- 64,057 Net Rentable Square Feet
- 37 CC Units, 123 NCC Units, 107 Indoor Parking Spaces, and 18 Covered Parking Spaces
- Potential Conversion Opportunity | Current Indoor Boat Storage Warehouse Can Be Converted into an Additional 22,425 NRSF of Storage; Seller Quoted at $781,213 by Heartland Building Group
- Assumable Loan of $2,230,000 | 8.5 Years Remaining | 5.37% Interest Rate | 25 Year Amortization | 1% Assumption Fee
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale Cheat Lake Storage located in Morgantown, West Virginia. This self storage facility is situated on 5.36 acres of land and currently features 37 climate controlled, 123 non-climate controlled self storage units, and 107 indoor parking spaces, and 18 covered parking spaces totaling 64,057 net rentable square feet. Cheat Lake Storage benefits from a good location with excellent visibility along Tyrone Road and expansion plans to replace the 22,425 square foot upper building with climate-controlled storage units.
Broker of Record
Financing By
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