9120 W Broad St - Public Storage Richmond 58,582 SF Specialty Building Offered For Sale in Richmond, VA 23294
INVESTMENT HIGHLIGHTS
- Significant Management Upside Through Below Market Rents: 10x10 Climate Controlled First Floor is $88 (Subject) vs $154.25 (Market Average)
- Excellent Demographics: Population of 217,036 in a 5-Mile Radius with an Avg HH Income of $139,207
- Growing Regional Population and Demand: 7,291 Future Residential Units in the Development Pipeline (5-Mile Radius)
- Prime Location with High Accessibility: Over 40,000 Vehicles Driving by the Facility Daily
EXECUTIVE SUMMARY
Call for Offers: April 30th
View Offering Memorandum and Due Diligence: https://selfstorageadvisory.com/properties/public-storage-richmond/
CBRE’s Self Storage Advisory Group has been retained as the exclusive advisor to sell Public Storage - Richmond, which consists of 593 units distributed across 58,582 net rentable square feet of ground level drive-up, interior heated and climate-controlled storage space along with outdoor parking. The facility offers valuable amenities including $1 first month rent promos, month to month rentals, and online rentals and billpay.
Richmond, Virginia, a historic gem and the state capital with a metro population approaching 1.3 million, stands out as an investment hotspot thanks to its strong economic performance and promising future developments. Known for its pivotal role in American history, Richmond has transformed into an economic powerhouse, clinching the Wall Street Journal’s #1 Hottest Job Market in the U.S. for 2024, driven by thriving sectors like finance (home to Capital One), biotech, and advanced manufacturing. Its #1 ranking for corporate headquarters projects (Site Selection Magazine, 2024) underscores a robust business climate, bolstered by a young, skilled workforce and a top-tier educational base, including the University of Richmond (#22 nationally, U.S. News 2025).
The Public Storage facility is strategically positioned in a prime, highvisibility spot within a bustling retail shopping center, making it a standout asset for both customers and investors. Anchored alongside heavyweights like Sam’s Club and Lowe’s Home Improvement, the property benefits from exceptional exposure, with an impressive 40,000 vehicles streaming past daily along West Broad Street—one of Richmond’s busiest commercial corridors. This location in Henrico County, just northwest of downtown, taps into a vibrant regional market. Boasting a population of 217,036 and a robust average household income of $139,207 within a 5-mile radius, the demographics show a prosperous and growing local community. The facility’s accessibility is enhanced by its proximity to Interstates 64 and 95, connecting it seamlessly to Richmond’s metro area of nearly 1.3 million residents.
*Public Storage is a Third Party Manager
Broker of Record:
Douglas Tice/ CBRE, Inc.
VA Lic. 0225247834
View Offering Memorandum and Due Diligence: https://selfstorageadvisory.com/properties/public-storage-richmond/
CBRE’s Self Storage Advisory Group has been retained as the exclusive advisor to sell Public Storage - Richmond, which consists of 593 units distributed across 58,582 net rentable square feet of ground level drive-up, interior heated and climate-controlled storage space along with outdoor parking. The facility offers valuable amenities including $1 first month rent promos, month to month rentals, and online rentals and billpay.
Richmond, Virginia, a historic gem and the state capital with a metro population approaching 1.3 million, stands out as an investment hotspot thanks to its strong economic performance and promising future developments. Known for its pivotal role in American history, Richmond has transformed into an economic powerhouse, clinching the Wall Street Journal’s #1 Hottest Job Market in the U.S. for 2024, driven by thriving sectors like finance (home to Capital One), biotech, and advanced manufacturing. Its #1 ranking for corporate headquarters projects (Site Selection Magazine, 2024) underscores a robust business climate, bolstered by a young, skilled workforce and a top-tier educational base, including the University of Richmond (#22 nationally, U.S. News 2025).
The Public Storage facility is strategically positioned in a prime, highvisibility spot within a bustling retail shopping center, making it a standout asset for both customers and investors. Anchored alongside heavyweights like Sam’s Club and Lowe’s Home Improvement, the property benefits from exceptional exposure, with an impressive 40,000 vehicles streaming past daily along West Broad Street—one of Richmond’s busiest commercial corridors. This location in Henrico County, just northwest of downtown, taps into a vibrant regional market. Boasting a population of 217,036 and a robust average household income of $139,207 within a 5-mile radius, the demographics show a prosperous and growing local community. The facility’s accessibility is enhanced by its proximity to Interstates 64 and 95, connecting it seamlessly to Richmond’s metro area of nearly 1.3 million residents.
*Public Storage is a Third Party Manager
Broker of Record:
Douglas Tice/ CBRE, Inc.
VA Lic. 0225247834
PROPERTY FACTS
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 8.30 AC |
| Building Size | 58,582 SF |
| No. Stories | 1 |
| Year Built | 1996 |
| Parking Ratio | 0.34/1,000 SF |
AMENITIES
- Bus Line
1 of 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $10,320,400 | |
| Land Assessment | $3,044,700 | Total Assessment | $13,365,100 |
ZONING
| Zoning Code | M-1 |
