Prices Fork Self Storage

Attractive in-place cap rate of 8.39% on trailing-12 NOI with a projected year 3 cap rate of 12.26%.
±4.65 square feet per capita within the 3-mile and 5-mile trade areas.
Located 5 miles from Virginia Tech and Radford University which have a combined enrollment of over 45,000 students.
Upside through professional management and lease-up – the facility is currently operated by a mom-and-pop owner and physical occupancy is only 50% despite the in-place 8.39% cap rate
Approximately 1 acre included for future expansion opportunity.
The Blacksburg-Christiansburg-Radford MSA is currently the 2nd fastest-growing MSA in Virginia by GDP growth.

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