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Self-Storage Facility

Self-Storage Warehouses in Newport News

15311 Warwick Blvd, Newport News, VA 23608

Listing Price: $4,148,720

Cap Rate
5.00%
Number of Units
438
Occupancy
92.0%
Gross SF
44,150
Rentable SF
1
Price/Rentable SF
$4,148,720.00
Year Built
1990

Investment Overview

Marcus & Millichap is pleased to present Self-Storage Warehouses In Newport News, located at 15311 Warwick Blvd in Newport News, Virginia. The property features 413 drive-up self-storage units and 25 Boat/RV Spaces for a total of 438 units. Situated on 1.78 acres, the facility is secured by a perimeter fence, security monitoring and a surveillance system. Self-Storage Warehouses In Newport News is part of the Virginia Self-Storage Portfolio along with Almost A Garage in Elberon, VA. Newport News is included in the Hampton Roads metropolitan area, also known as the Virginia Beach-Norfolk-Newport News, VA-NC MSA. It is at the southeastern end of the Virginia Peninsula, on the northern shore of the James River extending southeast from Skiffe's Creek along many miles of waterfront to the river's mouth at Newport News Point on the harbor of Hampton Roads. With many residents employed at the expansive Newport News Shipbuilding, the joint U.S. Air Force–Army installation at Joint Base Langley–Eustis, and other military bases and suppliers, the city's economy is very connected to the military. The location on the harbor and along the James River facilitates a large boating industry which can take advantage of its many miles of waterfront. Newport News also serves as a junction between the rails and the sea with the Newport News Marine Terminals located at the East End of the city. Served by major east–west Interstate Highway 64, it is linked to other cities of Hampton Roads by the circumferential Hampton Roads Beltway, which crosses the harbor on two bridge-tunnels. Part of the Newport News/Williamsburg International Airport is in the city limits.

Investment Highlights

  • Part of the 2-Property Virginia Self-Storage Portfolio
  • Drive-Up Self-Storage Units & Boat/RV Parking Spaces | NRSF
  • Situated on 1.78 Acres in the Virginia Beach-Norfolk-Newport News, VA NC MSA

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Self-Storage Facility

Self-Storage Warehouses in Newport News

Listing Price: $4,148,720

Cap Rate
5.00%
Number of Units
438
Occupancy
92.0%
Gross SF
44,150
Rentable SF
1
Price/Rentable SF
$4,148,720.00
Year Built
1990

Investment Highlights

  • Part of the 2-Property Virginia Self-Storage Portfolio
  • Drive-Up Self-Storage Units & Boat/RV Parking Spaces | NRSF
  • Situated on 1.78 Acres in the Virginia Beach-Norfolk-Newport News, VA NC MSA

Investment Overview

Marcus & Millichap is pleased to present Self-Storage Warehouses In Newport News, located at 15311 Warwick Blvd in Newport News, Virginia. The property features 413 drive-up self-storage units and 25 Boat/RV Spaces for a total of 438 units. Situated on 1.78 acres, the facility is secured by a perimeter fence, security monitoring and a surveillance system. Self-Storage Warehouses In Newport News is part of the Virginia Self-Storage Portfolio along with Almost A Garage in Elberon, VA. Newport News is included in the Hampton Roads metropolitan area, also known as the Virginia Beach-Norfolk-Newport News, VA-NC MSA. It is at the southeastern end of the Virginia Peninsula, on the northern shore of the James River extending southeast from Skiffe's Creek along many miles of waterfront to the river's mouth at Newport News Point on the harbor of Hampton Roads. With many residents employed at the expansive Newport News Shipbuilding, the joint U.S. Air Force–Army installation at Joint Base Langley–Eustis, and other military bases and suppliers, the city's economy is very connected to the military. The location on the harbor and along the James River facilitates a large boating industry which can take advantage of its many miles of waterfront. Newport News also serves as a junction between the rails and the sea with the Newport News Marine Terminals located at the East End of the city. Served by major east–west Interstate Highway 64, it is linked to other cities of Hampton Roads by the circumferential Hampton Roads Beltway, which crosses the harbor on two bridge-tunnels. Part of the Newport News/Williamsburg International Airport is in the city limits.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

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