Self-Storage, 115 units with room to expand

Industrial for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30741688
Property Subtypes: Self Storage
Building Size (RSF): 15,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.43 Acres
Sale Price: $995,000
Unit Price: $66.33 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 9.15%
Average Occupancy Rate: 87
Last Updated: 7/29/2021

Overview / Comments

Store Your Stuff Self-Storage has 115 units with approximately 15,000 net rentable square feet. There is 9,096 SF of improvement per public record with approximately 6,000 SF of portable storage units. Upside exists in improving occupancy from the current 87% and adding additional storage units through expansion. This established facility has been in business since the first building was constructed in 1998 with additional buildings added in following years. The location and visibility on Asheville Hwy make it easy to attract and retain business. Visit www.StoreYourStuffSelfStorage.com.

Acreage, square footage per public record and should be verified.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $6,757 (Annual)
Gross Operating Income $120,504 (Annual)
Net Operating Income $91,047 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 072 011
Zoning: C-H-1
Area Description: Take I-40 Exit #394 Asheville Highway. Go east 2 miles and Store Your Stuff Self-Storage is on right at top of hill.
Tenancy: Multiple Tenants
Total Number of Buildings: 6
Year Built: 1998

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 15,480 52,069
Median Age: 42.79 40.79
Households: 6,451 21,611
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