South Knox Storage Facility For Sale

Industrial for Sale
Catylist Listing ID: 30661122
Property Subtypes: Self Storage
Building Size (RSF): 30,050 SF
Gross Building Area: See Agent
Sale Price: $2,500,000
Unit Price: $83.19 PSF
Property Use Type: Investment
Building Name: South Knox Storage
Sale Terms: Cash to Seller
Cap Rate: 8.25%
Last Updated: 4/16/2021

Overview / Comments

Great opportunity to invest in a self storage facility in the growing South Knoxville market. Great location on Chapman Hwy only 15 minutes from downtown Knoxville and one mile from Gov John Sevier Hwy interchange. Approximately 30,000 vehicles per day. 291 units plus one billboard. Approximately 21,000 square feet built between 1993 and 2004; 9,000 square feet built in 2019. The property is 3.29 Acres zoned CA. Just recently approved by MPC for a 4,650 square foot expansion. See Actual Financials and Site Plan in Attachments below.

Owner / Agent

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 138HA014
Zoning: CA
Highway Access: Chapman Hwy
Site Description: 3.29 Acres, mostly flat
Total Number of Buildings: 13
Number of Stories: 1
Property Condition: Good
Roof Type: Gable
Construction/Siding: Aluminum Siding
Zoning Description: CA

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 13,319 45,382
Median Age: 42.8 39.66
Households: 5,389 18,932


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