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Self-Storage Facility

Store Here Self Storage

4601 Station House Rd, Chesapeake, VA 23321

Listing Price: $15,250,000

Cap Rate
5.00%
Number of Units
459
Occupancy
95.0%
Rentable SF
55,843
Price/Rentable SF
$273.09
Year Built
2018

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Store Here Self Storage located in Chesapeake, Virginia. The facility is newly built and features 450 climate-controlled units and nine suites, totaling 55,843 net rentable square feet. They also offer 23 parking spaces for rent. This is a stabilized and cash-flowing facility that is currently 95 percent physically occupied. The property is fully secured with 24-hour video surveillance and an on-site management office. The location of this facility benefits from a dense, affluent, and growing surrounding population, and is just 10 miles from Norfolk, Virginia. The population within five miles of the facility is 122,941, which represents a 22 percent increase since 2000 and is expected to continue to grow over the next five years. The property is located off a busy street and is surrounded by lots of residential neighborhoods, as well as retail stores, doctors’ offices, churches, and restaurants. This offers the facility great street frontage and high daily traffic counts of around 22,000 cars per day. Store Here Self Storage is being offered for $15.25 million or $273.09 per rentable square foot.

Investment Highlights

  • Newly Built, Three-Story, Class-A Facility
  • Opened in 2018
  • 55,843 Net Rentable Square Feet
  • 450 Climate-Controlled Units | Nine Suites
  • 23 Outdoor Parking Spaces

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

Self-Storage Facility

Store Here Self Storage

Listing Price: $15,250,000

Cap Rate
5.00%
Number of Units
459
Occupancy
95.0%
Rentable SF
55,843
Price/Rentable SF
$273.09
Year Built
2018

Investment Highlights

  • Newly Built, Three-Story, Class-A Facility
  • Opened in 2018
  • 55,843 Net Rentable Square Feet
  • 450 Climate-Controlled Units | Nine Suites
  • 23 Outdoor Parking Spaces

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Store Here Self Storage located in Chesapeake, Virginia. The facility is newly built and features 450 climate-controlled units and nine suites, totaling 55,843 net rentable square feet. They also offer 23 parking spaces for rent. This is a stabilized and cash-flowing facility that is currently 95 percent physically occupied. The property is fully secured with 24-hour video surveillance and an on-site management office. The location of this facility benefits from a dense, affluent, and growing surrounding population, and is just 10 miles from Norfolk, Virginia. The population within five miles of the facility is 122,941, which represents a 22 percent increase since 2000 and is expected to continue to grow over the next five years. The property is located off a busy street and is surrounded by lots of residential neighborhoods, as well as retail stores, doctors’ offices, churches, and restaurants. This offers the facility great street frontage and high daily traffic counts of around 22,000 cars per day. Store Here Self Storage is being offered for $15.25 million or $273.09 per rentable square foot.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

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