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Rhino Self Storage (Charleston)
927 Oakhurst Dr, Charleston, West Virginia 25314
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Property Info
Price: $10,200,000
Units: 376
Year Built: September 2023
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Broker Contact Info
Gabriel Coe
614.360.9041
Gabriel.Coe@marcusmillichap.com
Opportunity
The Market
Investment
Map
Charleston, West Virginia Self-Storage Offering
POPULATION
In 2023, the population in your selected geography is 73,163. The population has changed by -6.35 since 2010. It is estimated that the population in your area will be 72,829 five years from now, which represents a change of -0.5 percent from the current year. The current population is 47.7 percent male and 52.3 percent female. The median age of the population in your area is 42.6, compared with the U.S. average, which is 38.7. The population density in your area is 931 people per square mile.
HOUSEHOLDS
There are currently 34,032 households in your selected geography. The number of households has changed by -4.42 since 2010. It is estimated that the number of households in your area will be 33,876 five years from now, which represents a change of -0.5 percent from the current year. The average household size in your area is 2.1 people.
INCOME
In 2023, the median household income for your selected geography is $54,423, compared with the U.S. average, which is currently $68,480.The median household income for your area has changed by 26.25 since 2010. It is estimated that the median household income in your area will be $66,186 five years from now, which represents a change of 21.6 percent from the current year.
The current year per capita income in your area is $39,668, compared with the U.S. average, which is $39,249. The current year’s average household income in your area is $84,757, compared with the U.S. average, which is $100,106.
EMPLOYMENT
In 2023, 33,022 people in your selected area were employed. The 2010 Census revealed that 70.8 percent of employees are in white-collar occupations in this geography, and 12.3 percent are in blue-collar occupations. In 2023, unemployment in this area was 5.0 percent. In 2010, the average time traveled to work was 18.00 minutes.
HOUSING
The median housing value in your area was $150,541 in 2023, compared with the U.S. median of $268,796. In 2010, there were 21,572.00 owner-occupied housing units and 14,032.00 renter-occupied housing units in your area.
EDUCATION
The selected area in 2023 had a higher level of educational attainment when compared with the U.S averages. 17.3 percent of the selected area’s residents had earned a graduate degree compared with the national average of only 12.7 percent, and 18.9 percent completed a bachelor’s degree, compared with the national average of 20.2 percent.
The number of area residents with an associate degree was lower than the nation’s at 6.3 percent vs. 8.5 percent, respectively.
The area had more high-school graduates, 29.3 percent vs. 26.9 percent for the nation, but the percentage of residents who completed some college is lower than the average for the nation, at 19.5 percent in the selected area compared with the 20.1 percent in the U.S.
• Charleston, West Virginia Self-Storage Offering
• Opened in September 2023
• 49,490 Net Rentable Square Feet
• 315 CC Units & 61 NCC Units
• Approvals for Phase II Expansion of 24,000 NRSF
• Affluent Market: Average Household Income of $117,443 of People Living Within a One-Mile Radius Which is Well Above the National Average
• Dense Surrounding Population: 73,163 People Living Within Five Miles