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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 £4,211,071 (£196/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	£4,211,071	Rentable Building Area	21,530 SF
Price Per SF	£196	Number of Floors	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	£4,211,071
Price Per SF	£196
Sale Type	Investment or Owner User
Property Type	Flex
Building Class	B
Rentable Building Area	21,530 SF
Number of Floors	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.

Lighting
Gas
Water
Sewer
Heating

PROPERTY TAXES

Parcel Number	94-A-L134B	Improvements Assessment	£560,442
Land Assessment	£74,837	Total Assessment	£635,279

PROPERTY TAXES

Parcel Number

94-A-L134B

Land Assessment

£74,837

Improvements Assessment

£560,442

Total Assessment

£635,279

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.)