SecureStore

55,650 NRSF| 483 Units | Daleville, VA (Roanoke MSA)

Under LOI

INVESTMENT OVERVIEW

SecureStore is an institutional quality self-storage facility consisting of 55,650 NRSF among 483 total units and is situated on 6.37 +/- AC of land. Included is a mix of 74 Drive-Up units, and 409 fully climate-controlled units ranging from 50-200 SF, offering a diverse unit array to serve local customers. The facility is a two-story split-level building, maximizing the rentable square footage, while still achieving premium climate-controlled rates and providing customers with ground-level access to all units. SecureStore offers best of market in terms of security and amenities, providing customers with 24/7 surveillance, secure fencing, and a well-appointed leasing office. The facility is ready for expansion, with an area that would support approximately 20,000 SF of building area.

SecureStore has enjoyed an outstanding lease-up since inception, with current physical and economic occupancies of 54.68% and 46.23% respectively. SecureStore also benefits from an excellent competitive dynamic, with zero other facilities, existing or planned, within a three-mile radius. SecureStore serves as the sole self-storage option for the City of Daleville, along with all the communities to the north for nearly 20 miles. This compelling fundamental element will benefit the facility as it continues its lease-up.

SecureStore also enjoys an excellent location along Roanoke Rd. which witnesses approximately 28,000 VPD and is situated amidst a number of national retailers and numerous residential developments including the recently constructed Class A Town Center at Daleville, and Reserve At Daleville apartment communities. The immediate trade area sustains an excellent income profile, with median and average household incomes of $81,417 and $105,376 within a 5-Mile Radius.

New Ownership will be able to immediately capitalize upon takeover by increasing both asking and in-place rental rates, continuing the strong lease-up and expanding the facility.

Facility Summary

Address:            70 Market Ridge Lane, Daleville, VA 24083
 
County:              Botetourt
 
Land Area:         6.37 AC +/-
 
NRSF:                   55,650
 
Units:                  483
 
Drive-Up Units: 74
 
Climate Units:   409
 
Occupancy:        54.6% (Physical) | 43.2% Occupancy
 
Unit Sizes:          50-200 SF 
 
Buildings:           2 Story Split-Level Building
 
Access:                Keypad Gate Access, Security Cameras Throughout
 
Upper Level Access:  Split Level

Investment Highlights:

  • 55,650 NRSF | 483 Units
  • Split level building, maximizing potential rent PSF
  • Expansion Capability
  • Zero competitors or planned projects within 3 miles 
  • Only self storage facility serving Daleville and all communities to the north, for approximately 20 miles
  • Outstanding median and average HH income of $81,417 and $105,376 within 5 miles (ESRI)