Self Storage Facility For Sale in Copper Hill, VA

Copper Hill Storage
7667 Floyd Highway N.
Copper Hill, VA 24079

Price: $769,000
Number of Units: 115
Acres: 4.002
Square Footage: 15,856
Gross Income: $77,160.12
Expenses: $7,390.88
Net Income: $69,769.88
Occupancy: 72.7%

 

LOCATION Copper Hill Storage is located at 7667 Floyd Highway, N., Copper Hill, VA. CHS is strategically located between Floyd, Roanoke, Blacksburg and Rocky Mount, Virginia.

FACILITY STATISTICS Copper Hill Storage is accessed by two commercial entrances on busy State Route 221 which has an annual average daily traffic volume of 3,000. (AADT) CHS encompasses three dedicated self-storage buildings housing 115 rental units totaling 12,600 square feet manufactured by NCI Steel Systems and erected by Price Buildings, Rocky Mount, VA. An additional 3,266 sq ft cinder block and frame building currently houses the management office, packaging store, two bathrooms as well as two large drive-in mechanical bays and two smaller drive-in storage bays. The property is enclosed by six foot chain link fencing and access is protected by a state of the art security gate. 24/7 security monitoring features nine cameras as well as a hard-wired security system on the office and shop.

 MANAGEMENT Currently the facility employs a part-time Manager between the hours of 8AM-12PM, Monday through Saturday with accommodations made for after hours appointments. With minimal remodeling the office/mechanical bay could be converted into full-time living quarters for an on-site manager or owner operator; alternately the facility can be managed off-site by appointment only.

 DEVELOPMENT POTENTIAL Situated on the rearmost portion of the 4.002 acre tract, Copper Hill Storage offers a number of possibilities for future growth: 1) Further develop the remaining road frontage property (approximately 2.5 acres) into commercial use (i.e. retail, industrial, commercial) 2) Expand the existing storage facility as per expansion plans 1 and 2 available for review. 3) Convert existing drive-in mechanical bays into “conditioned” storage (not currently offered by CHS). 4) Subdivide and sell frontage portion for immediate income.

TANGIBLE PROPERTY AND INVENTORY As part of the sale of the real estate at 7667 Floyd Highway, N., Copper Hill, VA various items necessary for day to day operations shall be conveyed with the sale. All point of sale inventory in stock at time of sale shall pass with the sale. CONCLUSION Copper Hill Storage will be sold as a turn-key, fully functioning self-storage facility with potential for growth and steady income. With the balance of the undeveloped property available for a variety of commercial or industrial uses, CHS is a great investment for an entrepreneur, an owner operator or a real estate investor. Copper Hill Storage, the premier storage facility in Floyd County, has experienced substantial annual growth despite the down turn in the national economy. There are no other facilities providing the level of security, professionalism, accessibility, quality of buildings and customer service in the 383 square miles that comprise Floyd County, VA.

 ABOUT FLOYD Floyd, VA continues to experience numerical, economic and cultural growth and is fast being recognized on a national level as a desirable place to relocate and or retire. The eclectic mix of artisans and musicians, long time natives, farmers, retirees and homesteaders seeking a sustainable lifestyle live and work harmoniously in the beautiful Blue Ridge Mountains of Southwest Virginia. Floyd invites those people and businesses seeking a unique sense of a prospering small town community along with respite from a hurried and modern world.