Roanoke, VA – Poe & Cronk Real Estate Group is excited to announce the successful sale of the CubeSmart Self Storage facility at 4146 Melrose Ave, Roanoke, VA 24017.
This newly converted/renovated facility features 463 climate-controlled units, offering a total of 49,322 net rentable square feet. The property boasts a first-year occupancy rate of 39%, which is above the national average.
The CubeSmart Self Storage Facility was sold for $5,400,000 after only a few weeks on the market. Zack May and Bryan Musselwhite, CCIM, of Poe & Cronk Real Estate Group represented the seller in this successful transaction.
Additionally, the remaining 163,000± sf of flex/retail space on 19 acres at 4142 Melrose Ave. Roanoke, VA, known as The Roanoke Salem Plaza, is currently listed for sale at $6,300,000 and is 91% occupied.
About Poe & Cronk
Poe & Cronk is a locally owned and internationally recognized leading full-service commercial real estate company. The firm is comprised of a team of real estate professionals with more than 300 combined years of experience and more than $1.5B in real estate transaction knowledge in selling, leasing, and managing commercial, industrial, and investment real estate. In business for more than 30 years, Poe & Cronk provides commercial and investment real estate services throughout western Virginia.
