Fox Self-Storage

Industrial for Sale
Sale Pending/Contingent
Also listed as Business Opportunity
Catylist Listing ID: 30818223
Property Subtypes: Self Storage
Status: Pending/Contingent
Building Size (RSF): 13,836 SF
Gross Building Area: See Agent
Gross Land Area: 4.55 Acres
Sale Price: $1,950,000
Unit Price: $140.94 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 95
Last Updated: 11/28/2022

Overview / Comments

Fox Self-Storage is a stabilized facility with 109 non climate storage units and approximately 45 outside storage/parking spaces. Well situated on 4.55 acres, there is room for major expansion. Currently, 8 units are complimentary and used by family members resulting in 95% economic occupancy. There is a very nice on-site office that utilizes SiteLink management software, video surveillance and AES gate system. This is a rare opportunity to acquire a well-run, stabilized facility with room for expansion. The last rate increase at the facility was November 2021 which supports another increase and upside.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $8,284 (Annual)
Potential Rental Income $181,380 (Annual)
Gross Operating Income $170,700 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Knoxville
County: Anderson
Tax ID/APN: 001094EA00100
Zoning: IND-1
Site Description: Level
Area Description: Located just east of the intersection of Oak Ridge Turnpike and Melton Lake Dr.
Total Number of Buildings: 4
Property Condition: Good
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,697 23,069 43,821
Median Age: 44.85 44.88 41.94
Households: 1,100 10,212 18,716
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