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Self-Storage Facility

Devon Self Storage_VA

21639 Cascades Pkwy, Sterling, VA 20166

Listing Price: Request For Offer

Number of Units
493
Occupancy
69.1%
Gross SF
49,475
Rentable SF
49,475
Year Built
1987

Investment Overview

Devon Self Storage (Managed) 5 represents a geographically diverse, high quality self storage portfolio consisting of five facilities strategically positioned across major U.S. markets from Washington, D.C. to Chicago and extending through Oklahoma and Texas.

Investment Highlights

  • Physical occupancy is currently around 80 percent, the portfolio offers substantial opportunity for a new operator to drive NOI through lease up and revenue management.
  • Together, the assets comprise approximately 3,000 units and 360,000 rentable square feet, offering a balanced mix of climate controlled and non climate controlled units.
  • All assets are located within top 50 U.S. MSAs—including Dallas–Fort Worth (ranked 4th), Chicago (ranked 3rd), and Washington, D.C. (ranked 8th) and Austin (ranked 28th).

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Managing Director, Market Leader- Mid-Atlantic

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Self-Storage Facility

Devon Self Storage_VA

Listing Price: Request For Offer

Number of Units
493
Occupancy
69.1%
Gross SF
49,475
Rentable SF
49,475
Year Built
1987

Investment Highlights

  • Physical occupancy is currently around 80 percent, the portfolio offers substantial opportunity for a new operator to drive NOI through lease up and revenue management.
  • Together, the assets comprise approximately 3,000 units and 360,000 rentable square feet, offering a balanced mix of climate controlled and non climate controlled units.
  • All assets are located within top 50 U.S. MSAs—including Dallas–Fort Worth (ranked 4th), Chicago (ranked 3rd), and Washington, D.C. (ranked 8th) and Austin (ranked 28th).

Investment Overview

Devon Self Storage (Managed) 5 represents a geographically diverse, high quality self storage portfolio consisting of five facilities strategically positioned across major U.S. markets from Washington, D.C. to Chicago and extending through Oklahoma and Texas.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Managing Director, Market Leader- Mid-Atlantic

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

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