Harbour View Self Storage – Chesapeake, VA
Deal Highlights
• Opportunity to Acquire a Class-A Facility in the Growing Market of Chesapeake, Virginia
• Pre-Approval Letter From the City For Expansion Potential of 22,500 Net Rentable Square Feet of Drive-Up Units With the Ability to Add 40 Parking Spaces
• Ability to Increase Rates by 38 Percent to Reach Market Levels
• Strong Population Growth of .45 Percent in the Three-Mile Radius Which is Well Above the National Average
• Household Incomes are Well Above the National Average in the Three-Mile Radius at $85,481
• High Traffic Counts of Over 90,000 Vehicles Per Day Along Hampton Roads Beltway and Pughsville Road
• Virginia Beach-Norfolk-Newport News MSA has the Largest Concentration of Military Personnel Outside of the Pentagon, With Over 89,600 Active-Duty Military Members
