$550,000
Commercial Property for Sale in San Bernardino California 92404
San Bernardino, California
Soft OfferCommercial Property for Sale in Christiansburg Virginia 24073
920 Magnolia Ln, Christiansburg, Virginia 24073
$1,650,000
$12 / sq ft 8.58% cap rate Listed May 27, 2025
134,252 sqft
Building
1980
Built
1
Stories
268
Units
Class C
Class
About this property
Commercial Property for Sale in Christiansburg Virginia 24073 is an industrial for sale in Christiansburg, Virginia, listed at $1,650,000. Key details: year built 1980, building size 134,252 sqft, stories 1, total units 268. Listed by Brandon Robinson of Calvary Realty on LoopingCloud and last updated August 15, 2025.
John 14:6: Jesus said to him, "I am the Way, the Truth, and the Life. No one comes to the Father except through Me."
Prices Fork Self Storage: A Prime Investment Driven by College Demand in Christiansburg, VA
Prices Fork Self Storage offers a compelling investment opportunity in Christiansburg, VA, strategically located within the Blacksburg-Christiansburg-Radford Metropolitan Statistical Area (population 152,720). This facility, at 920 Magnolia Ln, features 18,767 rentable square feet across 267 units.
Currently at 78% physical occupancy (as of July 2nd, 2025), the property holds significant upside potential. Notably, during the college break period (April to August), occupancy surges to nearly 100%, and monthly revenue triples! This direct correlation with the academic calendar of four major institutions—Virginia Tech University, New River Community College, Radford University, and Life Pacific University—ensures a consistent, high-demand tenant base.
Priced at $1,725,000 with an 8.26% cap rate and a price per square foot of $106.63, Prices Fork is poised for value-added enhancements. The property spans 3.08 acres with 134,252 gross square feet across six single-story metal and wood buildings, built in 1980. Its strategic location near Highway 412, boasting 17,000 vehicles per day, provides excellent visibility and accessibility.
This facility benefits from a high-demand market, with less than four square feet of storage per capita, indicating significant unmet need. With easy-to-use storage management software and steady local population growth, Prices Fork Self Storage is an excellent value-add investment for maximizing returns through operational efficiencies and rate adjustments.
Key highlights
- Occupied
- Pro-Forma NOI $230,857
- Zoning 064-54
- Pro-Forma Cap Rate 13.38%
- Buildings 6
- Surging Demand During College Breaks
- Less than 4 sq. ft. per capita
- Excess Land for Expansion
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 1980
- Building Size
- 134,252 sqft
- Stories
- 1
- Total Units
- 268
- Building Class
- Class C
- Occupied
- Yes
- Occupancy
- 41%
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Net Operating Income
- $141,509
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
8.58%
Cap rate
$141,509
Net operating income
$12
Price per sq ft
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $1,650,000 | 8.67% | - | - | - |
Features and amenities
Property Features
- Pro-Forma NOI: $230,857
- Zoning: 064-54
- Pro-Forma Cap Rate: 13.38%
- Buildings: 6
Highlights
- Proximity to 4 Colleges & Universities: Virginia Tech University, Radford University, Life Pacific University, New River Community College
- Surging Demand During College Breaks
- 5 New Housing Developments Within a 7-Mile Radius
- Less than 4 sq. ft. per capita
- Steady Population Growth of 3.7% Year over Year
- Excess Land for Expansion
Location
Address as shown by the lister.
Get directionsAbout this area - Christiansburg
- Population
- 25,200
- Housing units
- 10,734
- Land area
- 94.0 sq mi
- County
- Montgomery
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Frequently asked questions
What is the asking price of Commercial Property for Sale in Christiansburg Virginia 24073?
Commercial Property for Sale in Christiansburg Virginia 24073 is listed at $1,650,000. That works out to about $12 per square foot. The stated cap rate is 8.58%.
Where is Commercial Property for Sale in Christiansburg Virginia 24073 located?
The property is in 920 Magnolia Ln, Christiansburg, Virginia 24073, Montgomery County.
What type of property is this?
This is an industrial for sale in the commercial category.
How big is the property?
The building is 134,252 sqft.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Brandon Robinson of Calvary Realty listed this property. Use the Request Info button to send a message or call (909) 380-0073.
When was this listing published?
It was published on May 27, 2025 and last updated on August 15, 2025.
Listing information
- Listing ID
- CL-Virginia-25373
- Published
- May 27, 2025
- Last updated
- Aug 15, 2025
- Views
- 642
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