Lease-Up Conversion Self-Storage Opportunity – White Sulphur Springs, WV
362 Mountain Ave, White Sulphur Springs, WV 24986
This is a prime opportunity to invest in a newly converted, state-of-the-art self-storage facility in White Sulphur Springs, WV. The property spans 37,593 NRSF and features 329 fully climate-controlled units, making it the only fully climate-controlled facility in the 5-mile trade area. Currently in early lease-up with a physical occupancy of just 16%, this asset presents a tremendous lease-up and revenue growth opportunity. With market rents at $1.40 per square foot, new ownership can capitalize on premium pricing while implementing an aggressive leasing strategy.
Strategically located just two blocks off Main Street at the intersection of Mountain Avenue and Kyer Street, the facility boasts excellent visibility from Interstate 64, ensuring strong demand from local residents and businesses. Tenant amenities include access-controlled entry, bright lighting, temperature-controlled units, and 24-hour video surveillance for enhanced security. Additionally, the property offers management flexibility, allowing new ownership to operate it as a fully staffed, fully remote, or hybrid facility.
White Sulphur Springs is a charming and historic mountain town, known for its scenic beauty and thriving tourism industry. As the gateway to the George Washington & Jefferson National Forest, the area attracts outdoor enthusiasts, history buffs, and those seeking a mountain retreat. The local economy is further bolstered by The Greenbrier Resort, often referred to as “America’s Resort,” which has a storied history dating back to the Civil War and has hosted 27 U.S. Presidents.
With high market rents, flexible management options, and significant revenue upside, FreeUp Storage – White Sulphur Springs represents a best-in-class investment opportunity in a high-demand market.