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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.