Property details

Upside Tennessee Self Storage Facility, Southeast Region

Property Description

Upside Tennessee Self Storage Facility

Located adjacent to a Lowe's Home Improvement Center and across the street from a Walmart Supercenter

Located on a large ~18 acre site

Located in a Dense Neighborhood

This Storage Facility Features Climate Controlled and Non Climate Controlled Self Storage

24-Hour Access

Onsite Security

Recent Completion of Second Phase Providing Over 300 Units in Total

91% Stabilized T-12 Proforma Annualized 4.13% Cap Rate

Additional Storage Development and Expansion Opportunities

Upside... After Expansion: 91% Stabilized T-12 Proforma Annualized 7.06% Cap Rate Located in an Income Tax Free State

Located Directly on a major Road Which Sees Over 21,900 VPD

Average Household Income of $61,061 Within a 3-Mile Radius

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Highlights

Status:
Available
Price:
$6,000,000
PSF:
$160
Cap Rate:
4.13%
Annual Rent:
$248,017
 

Property Information

Building Size:
37,550 sq.ft.
Property Type:
Storage Properties
Industry Type:
Self Storage - Mini Storage
Units/Spaces:
300
Land Area:
18.00 acres
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.