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NORTH MAIN STREET MINI STORAGE | 241 UNITS 1614 N Valley Pike

21,530 SF 100% Leased Flex Building Rockingham, VA 22802 $5,295,000 ($246/SF)

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Investment Highlights

2.35 Acres on Rt. 11, easy access to I-81
Traffic counts: 9,500 +/- AADT

Zoned B-1
High Occupancy Rate

Executive Summary

Great investment opportunity for an immediate income producing turnkey mini storage facility with consistently high occupancy rates over the past 19+ yrs. Ideal strategic location on North Valley Pike (Rt 11) on the North end of Harrisonburg. Close to JMU, Downtown Harrisonburg, EMU, VMRC, and the Technology Park with easy access to I-81. 241 Units with over 21,500 sq ft +/- (Ambient and climate-controlled units). Development / expansion opportunity with approved Rockingham County site plan for up to 100 additional units adding an extra 6450 sq ft +/- potential. An onsite office with updated security camera system and high-tech rental management and accounting software allowing for minimal time and labor weekly to operate. Great property for a 1031 exchange! Don’t let this opportunity pass you by!

1614 N Valley Pike Brochure

Property Facts

Price	$5,295,000	Rentable Building Area	21,530 SF
Price Per SF	$246	No. Stories	1
Sale Type	Investment or Owner User	Year Built	2005
Property Type	Flex	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	B

Price	$5,295,000
Price Per SF	$246
Sale Type	Investment or Owner User
Property Type	Flex
Building Class	B
Rentable Building Area	21,530 SF
No. Stories	1
Year Built	2005
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

zoning

Zoning Code	B1 (allows most commercial uses by-right and mixed-use redevelopment with a special exception.)
B1 (allows most commercial uses by-right and mixed-use redevelopment with a special exception.)