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73 Birch st 11,400 SF Specialty Building Offered at $454,000 at a 8.36% Cap Rate in Philippi, WV 26416
Executive Summary
- Stabilized, cash-flowing self-storage facility featuring 82 non-climate units
totaling 11,400 net rentable square feet.
- Facility sits on a 0.78-acre lot with room for a small storage expansion or the
addition of outdoor parking rentals.
- Opportunity to increase revenue through steady rent increases and the
implementation of existing customer rent increases.
- Very limited competition in the immediate trade area, evidenced by a saturation rate of 4.5 SF/capita within five miles of the property.
- Additional revenue potential through maximizing fee income and the implementation of tenant insurance sales.
- Strong average household income of $70,265 within three miles of the property.
- Philippi, West Virginia, is nestled along the banks of the Tygart Valley River in
the majestic countryside of Northeast West Virginia.
- Philippi is the county seat of Barbour County, which is home to 15,369 residents.
totaling 11,400 net rentable square feet.
- Facility sits on a 0.78-acre lot with room for a small storage expansion or the
addition of outdoor parking rentals.
- Opportunity to increase revenue through steady rent increases and the
implementation of existing customer rent increases.
- Very limited competition in the immediate trade area, evidenced by a saturation rate of 4.5 SF/capita within five miles of the property.
- Additional revenue potential through maximizing fee income and the implementation of tenant insurance sales.
- Strong average household income of $70,265 within three miles of the property.
- Philippi, West Virginia, is nestled along the banks of the Tygart Valley River in
the majestic countryside of Northeast West Virginia.
- Philippi is the county seat of Barbour County, which is home to 15,369 residents.
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Property Facts
| Price | $454,000 | Building Class | C |
| Price Per SF | $39.82 | Lot Size | 0.79 AC |
| Sale Type | Investment | Building Size | 11,400 SF |
| Cap Rate | 8.36% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2015 |
| Property Subtype | Self-Storage |
| Price | $454,000 |
| Price Per SF | $39.82 |
| Sale Type | Investment |
| Cap Rate | 8.36% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 0.79 AC |
| Building Size | 11,400 SF |
| No. Stories | 1 |
| Year Built | 2015 |
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Property Taxes
| Parcel Number | 08-1-01140000 | Improvements Assessment | $103,560 |
| Land Assessment | $18,240 | Total Assessment | $121,800 |
Property Taxes
Parcel Number
08-1-01140000
Land Assessment
$18,240
Improvements Assessment
$103,560
Total Assessment
$121,800
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73 Birch st
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