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Storage Inn Self-Storage 1780 Old Chatham Road & 3395 Greensboro Road Martinsville, VA 24112

Self Storage
446 Units
99% Occupied
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Property Details (1780 Old Chatham Road & 3395 Greensboro Road, Martinsville, VA 24112)
Asset Type Commercial
Starting Bid $700,000
Participation Deposit $10,000
Property Storage Inn Self-Storage
Property Description Two Self-Storage Properties Consisting of 446 Units Located in Martinsville, VA
Primary Property Type Self Storage
Lot Size 4.9 Acres
Number of Buildings 17
Number of Stories 1
Number of Units 446
Occupancy 99.0%
Occupancy As of Date 11/01/2017
Event Item # B231-211R
Property ID 1000005369
Transaction Fee 5% of Winning Bid Amount (A minimum of $20,000 will apply)
  • Description
  • Due Diligence
Description for 1780 Old Chatham Road & 3395 Greensboro Road, Martinsville, VA 24112

Property tours are available by appointment only. Please contact Steve Mellon at 713-425-5835 or steve.mellon@am.jll.com to schedule a property tour.

JLL presents the opportunity to acquire two self storage properties located in Martinsville, VA. Storage Inn Self Storage consists of 11 Buildings located at 1780 Old Chatham Road and 6 buildings located at 3395 Greensboro Road. The portfolio consists of + 58,012 square footage with approximately 446 units. Both sites total to 4.896 acres.


TWO SELF STORAGE FACILITIES – The offering includes two self storage facilities located in the northeastern and southern portion of Martinsville, VA. Based on their size and proximity, both facilities are currently operated as a single entity.

- 1780 Old Chatham Road is located on the south side of Old Chatham Road, a two lane highway that connects the northeastern portion of the community to Downtown Martinsville.

- 3395 Greensboro Road is located on the east side of Greensboro Road (US Route 220 Business). Greensboro Road connects the southern portion of the City of Martinsville to US Route 220, a north/south US Route which extends from the central portion of North Carolina to the northern Portion of Pennsylvania.

EXCELLENT EXPOSURE – The properties have abundant unobstructed frontage on commercial corridors which connect the outlying portions of the Martinsville community to the Downtown area.

HIGH OCCUPANCY – The total occupancy exceeds 92% economic occupancy and 99% physical occupancy.

RECENT UPGRADES - Various capital items have recently been addressed at the properties. They include replacing 3.5 ton HVAC unit, painting unit doors and interior offices, asphalt repairs, and replacing carpet. Total repairs have exceeded over $100,000 since July 2015.

JLL | Jeff Sigmon | VA RE Lic. 0225112273

Auctioneer Licensing Information

Ten-X Adrian Strelzow RE Brkr 0226027077

Property Details


Open House Information



Redemption date of {[{value.description | auctionDate:'YYYY-MM-DD': "MMM DD, YYYY"}]}
  • Steve Mellon
  • JLL Capital Markets
  • 713-425-5835
  • steve.mellon@am.jll.com
  • Contact
For auction related questions, contact:
  • Tina Mahoney
  • Ten-X
  • 949-672-3615
  • tinam@ten-x.com
  • Contact
For registration, website, or transaction related questions, please call a Ten-X representative at (888) 770-7332.
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