Property details

Tennessee Storage Facility For Sale, Southeast Region

Property Description

Tennessee Storage Facility For Sale

Located in a great area with lots of traffic and on a major highway in a highly traveled area of the town

160 unit facility consisting of 60 standard various-size units, and 60 Climate Controlled units of various sizes.

There are also 3 office space units on the premises that rent to professionals.

The Facility is totally automated

Relatively brand new (only 2 years old)

Located in northeastern Tennessee

Almost at 100% occupancy

Priced at lower than normal in this area

Price reduce to $1,100,000 (firm!) for quick sale

Owner will allow us to register a prospective buyer with them

This facility is capping out at over 8.00% with a net operating income currently of $89,000.

There is high demand for storage units in this area, and with a little proper marketing, it should be filled up in no time.

Upon approval of the buyer's ability to purchase, the owner will release further information

Owner requires an offer subject to inspection of the premises and detailed financial information



Storage Properties For Sale



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Highlights

Status:
Available
Price:
$1,100,000
Cap Rate:
8.09%
 

Property Information

Property Type:
Storage Properties
Industry Type:
Self Storage - Mini Storage
Units/Spaces:
160
Purchase Tenure:
Fee Simple
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.