09/08/2026
π¨ NEW SELF-STORAGE LISTING | SALEM, VIRGINIA π¨
Colliers is pleased to announce the exclusive marketing of Forward Storage - Salem, a compelling value-add self-storage opportunity located in one of the most desirable communities within the Roanoke MSA.
π Offering Website: https://tinyurl.com/4jdt6tdf
The Opportunity:
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44,008 RSF across 257 units
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$6.05 Million asking price ($137/SF)
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73.8% physical occupancy with significant lease-up potential
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6.75% stabilized cap rate
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19.1% leveraged IRR and 12.2% unleveraged IRR projected over a 7-year hold
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Exposure to 20,000 vehicles per day along SR-112
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Institutional-quality improvements including gated access, surveillance cameras, concrete drive aisles, on-site office, and security lighting
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Remote management structure creates opportunities for occupancy growth, revenue optimization, tenant insurance expansion, and operational efficiencies
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Only 6.43 SF/capita of storage inventory within 3 miles and 8.21 SF/capita within 5 miles
π Strong Demographics & Demand Drivers
β’ 49,085 residents within 5 miles
β’ $106,425 average household income within 5 miles
β’ 23,997 residents within 3 miles
Forward Storage - Salem offers investors an opportunity to acquire a well-maintained, professionally operated asset with meaningful upside through occupancy growth and revenue management in a market characterized by favorable supply fundamentals and durable economic drivers.
Contact me for additional details:
Ashley Compton
π± 615.734.9541
π§ [email protected]