51 Unit Storage Unit Facility Knoxville

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30630440
Property Subtypes: Free-Standing, Self Storage
Status: Pending/Contingent
Building Size (RSF): 9,162 SF
Gross Land Area: 0.94 Acres
Sale Price: $315,000
Unit Price: $34.38 PSF
Property Use Type: Investment, Business
Building Name: East Tennessee Storage
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/20/2020

Overview / Comments

Great opportunity to own this 51 unit storage development in great Knoxville location just a block from I-640. 1st bldg was built in 1960 bldg 2 and bldg 3 where built in 1995. 22 units rented. Easy access. Property includes the following:
20-5x10 Rents $45
9-10x10 Rents $65
9-10x15 Rents $85
9-10x25 Rents $105
8 of the 10x25 have electric. Office includes 3 offices, kitchen area, entry area and 4th storage/office. Add your updates to make this a wonderful business or investment. Fenced and gated with key pad opening. Lighted parking. About 8 parking spots in front and about 30 in gated area. Billboard does not convey. Buyer to verify all information.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $6,916 (Annual)
Tax Value Land $200,000
Tax Value Improvements $177,200
Assessed Value - Total($) $377,200 (Annual)
Potential Rental Income $38,340 (Annual)
Gross Operating Income $17,741 (Annual)
Net Operating Income $130 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Knoxville
County: Knox
Submarket Type: Central Business District
Taxing Authority: Knox County
Tax ID/APN: 069DA017
Zoning: I-MU INDUSTRIAL MIXED USE
Property Located Between: Knoxville area
Highway Access: I640 East and West
Airports: McGee Tyson
Site Description: Level lot with storage units and office building.
Area Description: Located directly off I640 in north area of Knoxville, Close to downtown Knoxville
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Fair
Year Built: 1965
Year Renovated: 1995
Roof Type: Other
Construction/Siding: Metal Siding, Wood Frame
Exterior Description: Level lot with gated access to storage units. Fenced with lighted sign on property.
Parking Ratio: 30 (per 1000 SF)
Parking Type: Surface
Parking Description: About 8 parking spots in front with approximately 30 parking spaces in gated area.
Total Parking Spaces: 38
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Window Unit
Interior Description: Building with three offices, kitchen area, restrooms and additional storage or 4th office. Entry area with separate office area. Other two buildings are metal storage units. 8 of the 10x25 units have electricity.
Zoning Description: I-MU Industrial mixed use
Lot Frontage: 98
Lot Depth: 412
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: Billboard does not convey or land that it sits on.
Land Ownership: Fee Simple
Legal Description: 069DA017, 200606300110871

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,265 75,033 163,562
Median Age: 36.49 37.19 35.42
Households: 3,375 33,040 68,523

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