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601 Milton Ray DrWinchester, VA 22603

High-Demand VA Self Storage Portfolio

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a Class A, 113,650-square-foot self-storage portfolio in Winchester, Virginia. Comprising ten single-story buildings on 13.03 acres, this portfolio boasts 722 units with an impressive 85% occupancy rate as of July 31, 2024. Built between 2021 and 2024, the facilities are strategically located at 601 Milton Ray Dr and 1350 N Frederick Pike, Winchester, VA 22603, within Frederick County. The properties are zoned B2 and operate under fee simple ownership. The portfolio benefits from Winchester's robust population growth and high median income (over $80,000), exceeding national averages. Current rental rates are at market-top levels, outperforming competitors in most units. This portfolio offers a compelling opportunity for investors seeking high-yield returns in a rapidly expanding market. The APN numbers are 53A A 1/43 A 98A. This is a rare chance to acquire a well-performing, high-quality self-storage asset in a prime location.

Highlights

  • 113,650 square feet of Class A self-storage space in a ten-building portfolio.
  • 85% occupancy as of July 31, 2024, with 722 units.
  • Located in Winchester, VA, a rapidly growing city with above-average median income.
  • Properties are achieving top-of-market rents and outperforming competitors.
  • The portfolio presents an opportunity for portfolio expansion or initial market entry in a strong demographic area.

Property Details for 601 Milton Ray Dr

Property type
Self storage facilities
Class
A
Year Built
2021
Buildings
10
Stories
1
Lot Size (sq. ft)
567,587 SF
Units
722

Location Insight

City
Winchester
County
Frederick
State
Virginia
Latitude
39.2237619
Longitude
-78.132846
601 Milton Ray Dr, Winchester, Virginia

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601 Milton Ray Dr
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