Overview
This is an exclusive opportunity to acquire Royal Oak Warehouse & Storage, a 23,529 NRSF facility with 93 units. The property offers a variety of unit sizes designed to meet a range of tenant needs.
Property Details
Highlights
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Stabilized Cash-Flowing Asset: The property is currently 98.9% occupied, providing immediate and stable in-place cash flow with minimal vacancy risk for new ownership.
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Strong In-Place Operating Performance: The facility generates approximately $252,151 in annual revenue and $184,372 in NOI, reflecting a 73.1% NOI margin.
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Diversified Income Stream: In addition to 87 storage units totaling 17,529 NRSF, the property includes six two-bedroom apartments, each ~1,000 NRSF, providing stable residential income alongside storage operations.
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Operational Simplicity: The property consists of six buildings with drive-up storage units, allowing for efficient management, minimal staffing requirements, and lower ongoing operating costs.
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Location in the Washington, DC MSA: Located in Front Royal, Virginia, the property benefits from proximity to the Washington–Arlington–Alexandria MSA, one of the largest and most economically stable metropolitan regions in the United States.
Location
No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals.