Description

Two high-upside drive-up storage assets in West WV have just opened up — offering strong in-place cash flow with clear paths to NOI growth through lease-up and rent normalization. Portfolio Offering – Asking Price: $2,075,000 1st Storage – Drive-Up | Immediate Upside 48 units | 32 occupied | 66.% physical occupancy NOI: $13,478 Total Revenue: $29,990 Expenses (30%): $16,786 Rent Upside: $1,769/month gap to market Top drive-up sizes: 10×20 ($140), 10×15 ($120), 12×12 ($120) Why it’s attractive: Low occupancy + below-market rents = immediate value-add opportunity with clean drive-up product. 2nd Storage – Larger Site, Big Rent Gap 199 units | 133 occupied | 67.86% occupancy NOI: $68,409 Total Revenue: $132,046 Expenses: ~$36,633 Rent Upside: $6,689/month gap to market Top drive-up sizes: 10×20 ($130), 10×15 ($100), 10×10 ($65) Opportunity: Many smaller units sitting well below market Why it’s attractive: Strong unit count, stable cash flow, and a large rent-lift opportunity. Portfolio Snapshot – Asking Price: $2,075,000 Total Size: 46,804 SF Combined NOI: $108,147 Gross Income: $154,495 Both assets feature drive-up access, efficient operating profiles, and immediate value-add potential through occupancy gains and rent optimization.