Self-Storage, 196 Units, Parking and Onsite Management
Also listed as Business Opportunity
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Overview / Comments
Newport Storage of Tennessee is an authorized U-Haul dealer with 196 non-climate controlled storage units, 24 outdoor parking spaces and 5 covered parking spaces. The stabilized facility has a consistent historical occupancy of 97%-99% the past three years with room for expansion. A ninth building was added the first week of November containing 10 units and 1,250 SF.
There is an onsite management office, digital video surveillance, perimeter fencing, online bill pay and Easy Storage Solution software being utilized. It's worth noting that the manager lives onsite and welcomes the opportunity to stay on board. If not, the onsite housing (mobile home) at gate entrance could be leased for additional income. This could represent $500/month or $6,000 additional income.
Square footage and acreage per public record, buyer to verify. All showings through agent. Seller financing is preferred.
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||I-40 Exit #432, merge onto Hwy 25/US-70-E towards Newport and take immediate right onto Carson Springs Rd. Property on left.
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