Looking for a profitable investment opportunity? Look no further than this storage unit complex located in downtown Christiansburg, VA. With 98 units at 100% occupancy, this property is perfectly positioned to generate consistent, reliable income for the savvy investor.
This storage unit complex is an income-producing asset that offers a convenient location for residents and businesses alike. Located in the heart of downtown Christiansburg, this property offers easy access to major highways and is within close proximity to a wide range of amenities. It is a great location for those seeking secure, reliable storage options.
The units themselves are spacious and well-maintained. Units are fenced in, with 24 hour surveillance system. There are 5 buildings of units. With 98 units and room to add more, this property offers ample opportunities to maximize rental income and grow your real estate portfolio.
Buildings sit on +/- 1.2 acres with frontage on Roanoke Street. Property has access to town water and sewer.
12 - 5’x10’ units at $40/month
54 - 10’x10’ units at $65/month
5 - 10’x15’ units at $70/month
16 - 10’x20’ units at $85/month
10 - 20’x30’ units at $250/month
1 - 8’x10’ (currently used as an office)
Updates and Improvements
2020 - All new roofs in garage bay units and paving in front of garage bay units
2021 - Fence and Gate, Camera System
2022 - New lighting in garage bay units, gutters on garage bay units, and LED lighting
Don't miss your chance to own a prime income-producing property in the heart of downtown Christiansburg, VA. Register for the online auction today and start bidding on this exceptional real estate opportunity.
Online Auction Ending Wednesday, June 21st @ 4 PM
405 Roanoke St., Christiansburg, VA 24073
ONLINE BIDDING – Online bidding is now active and runs through 4 PM on June 21st, 2023. SOFT CLOSE.
DIRECTIONS – From I-81 Exit 114, take Route 8 N/W Main St for 1.4 miles. Turn left onto Roanoke St. Property is on the left in .4 miles. See sign.
BIDDER PACK: Download Bidder Pack for complete information. Bidder Pack has maps, complete terms and conditions, sample contracts, tax cards, and deeds.
SOFT CLOSE: If a bid is received within the last 2 minutes of the auction, the auction close time will automatically extend 2 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates “snipers” and encourages fair and impartial bidding from all participants.
BUYER’S PREMIUM – TEN PERCENT (10%): Buyer’s Premium shall be added to the final online bid, which will determine the Total Contract Sales Price. Bidders hereby acknowledge and understand that the Buyer’s Premium will be added to the winning bid to create the Total Contract Sales Price for which they are obligated to pay for the property. Example: (winning online bid $100,000 + 10% buyer’s premium = total purchase price of $110,000).
PRE – AUCTION SALES: As an agent for the Seller, the Auctioneer must present any and all bona fide written offers to the Seller, which may be created outside of the online bidding platform. Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all the auction terms and conditions and must be submitted to the Auctioneer on the Auction Real Estate Sales Contract, along with the required earnest deposit. Properly submitted offers will be presented to the Seller in a timely manner. Seller may accept or reject such offer at their sole and absolute discretion. When a pre-auction offer is submitted, all properly registered online bidders will be notified that “an offer” has been submitted and on which specific property, however the amount of the offer shall remain confidential. All pre-auction offers must allow a minimum of 24 hours for seller’s acceptance. A Buyer’s Broker Fee of (2%) is offered on any pre-auction offers that are properly completed and submitted on the appropriate forms provided by the auction company.
10% Buyer’s Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $20,000 required on day of sale (June 21st, 2023). Close on or before August 4th, 2023. Subject to seller confirmation. Property sold as is, where is, with any and all faults. Buyer is expected to complete their own due diligence. Auction starts ending at 4 PM on June 21st, 2023. Please note that during the last two minutes of bidding, if a new bid is placed, the clock is automatically extended an additional two minutes. Be sure to register to bid early to ensure you receive notifications regarding any changes to the Auction, Bidder Packet and/or Pre-Auction offers received. Download Bidder Information Pack for complete terms and conditions, purchase contract and maps.