For Sale
$5,295,000

1614 Valley PikeHarrisonburg, VA 22802

High-yield mini storage, 241 units

Overview

Added:
Dec 11, 2024
Days on market:
115
Exceptional investment opportunity in Harrisonburg, VA, presents a 21,530 square foot, Class B mini storage facility featuring 241 units. Built in 2005, this single-story property sits on a 2.35-acre lot zoned B1, offering significant income potential. The facility boasts a mix of ambient and climate-controlled units and includes an on-site office equipped with a modern security system and advanced rental management software. Its prime location on North Valley Pike (Route 11) provides easy access to I-81, JMU, downtown Harrisonburg, EMU, VMRC, and the Technology Park, ensuring consistently high occupancy rates. This turnkey operation has demonstrated strong performance for over 19 years. Further expansion is possible, with an approved Rockingham County site plan allowing for up to 100 additional units (6,450 sq ft). The asking price is $5,295,000 ($245.94/sq ft, $21,970.95/unit), making it an ideal 1031 exchange opportunity. This property offers a rare blend of established income and significant growth potential.

Highlights

  • 21,530 SF Class B mini storage facility with 241 units.
  • Built in 2005 on a 2.35-acre lot zoned B1 in Harrisonburg, VA.
  • Features a mix of climate-controlled and ambient units, on-site office, modern security system, and advanced rental management software.
  • Prime location on Route 11 with easy access to I-81, JMU, downtown Harrisonburg, and other key areas.
  • Turnkey operation with strong performance history and approved expansion plan for up to 100 additional units.
  • Asking price: $5,295,000 ($245.94/SF, $21,970.95/unit), ideal for 1031 exchange.

Property Details for 1614 Valley Pike

Property type
Self storage facilities, Industrial properties
Square Feet
21,530 SF
Class
B
Year Built
2005
Stories
1
Lot Size (sq. ft)
102,366 SF
Units
241

Location Insight

City
Harrisonburg
County
Rockingham
State
Virginia
Latitude
38.4633169
Longitude
-78.8469011
1614 Valley Pike, Harrisonburg, Virginia

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1614 Valley Pike
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