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Self-Storage Facility

IncaAztec Self Storage Two Property Portfolio

4200 Kanawha Tpke, Charleston, WV 25309

Listing Price: $9,400,000

Cap Rate
7.01%
Number of Units
1,259
Occupancy
74.0%
Gross SF
154,142
Rentable SF
154,142
Price/Rentable SF
$60.98
Year Built
1996

Investment Overview

Marcus & Millichap is pleased to offer for sale the IncaAztec Self Storage Two Property Portfolio located in Charleston, West Virginia. The two sites are approximately nine miles apart. There is a mix of climate-controlled units, non-climate-controlled units, lockers, one warehouse, and parking spaces that all total 154,142 net rentable square feet. The owners have recently completed a lot of improvements at the sites and there is an opportunity to tighten up the payroll with fewer managers as well.

Investment Highlights

  • Charleston, West Virginia MSA Two Property Self-Storage Portfolio
  • Combined 154,142 Net Rentable Square Feet
  • Mix of Climate-Controlled Units, Non-Climate-Controlled Units, Lockers, One Warehouse, and Parking Spaces
  • Facilities are Located Approximately Nine Miles Apart
  • Currently Managed by 1.5 Employees per Site; Opportunity to Transition to Part-Time On-Site Management Given Strong Occupancy

Broker of Record

  • Michael L Glass

    Executive Managing Director, Chief Revenue Officer- Mid-West Division

    (216) 264-2060

    License(s) WV: WVB260301219

    West Virginia

Financing By

Self-Storage Facility

IncaAztec Self Storage Two Property Portfolio

Listing Price: $9,400,000

Cap Rate
7.01%
Number of Units
1,259
Occupancy
74.0%
Gross SF
154,142
Rentable SF
154,142
Price/Rentable SF
$60.98
Year Built
1996

Investment Highlights

  • Charleston, West Virginia MSA Two Property Self-Storage Portfolio
  • Combined 154,142 Net Rentable Square Feet
  • Mix of Climate-Controlled Units, Non-Climate-Controlled Units, Lockers, One Warehouse, and Parking Spaces
  • Facilities are Located Approximately Nine Miles Apart
  • Currently Managed by 1.5 Employees per Site; Opportunity to Transition to Part-Time On-Site Management Given Strong Occupancy

Investment Overview

Marcus & Millichap is pleased to offer for sale the IncaAztec Self Storage Two Property Portfolio located in Charleston, West Virginia. The two sites are approximately nine miles apart. There is a mix of climate-controlled units, non-climate-controlled units, lockers, one warehouse, and parking spaces that all total 154,142 net rentable square feet. The owners have recently completed a lot of improvements at the sites and there is an opportunity to tighten up the payroll with fewer managers as well.

Broker of Record

  • Michael L Glass

    Executive Managing Director, Chief Revenue Officer- Mid-West Division

    (216) 264-2060

    License(s): WV: WVB260301219

    West Virginia

Financing By

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