Contact Information

Self Storage Details

  • Price: $990,000
  • Purchase Method: Cash, New Loan
  • Number of Storage Units: 160
  • Acreage: 3 acre(s)
  • Square Footage: 17,500 sqft
  • Occupancy: 76%
  • Year Built: 2015
  • Cap Rate: 9.6%
  • Property ID: 301536
  • Posted On: Oct 9, 2012
  • Updated On: Mar 17, 2020

Property Description

Newer Facility - Betco Units Outside and BETCO Conversion Units
Inside (80 Climate Units) (Fall 2016) New
76 Units and a total of 160 units including 4 nicely finished Business offices In Climate Controlled Building - .Good Location for In House Apartment. 2 Bathrooms , Showers and Finished Living Area or Large Office.
New 2019 1.87 Acres adjoining facility (350 x 200)
Gross Potential Rents now are over $13800 / Month.
Gross Income 2018 $103000
Op Expenses $18400 Year Cap Rate 8.6%
DigiTech Gate Controller
Sun Power Flip Up Gate
SITELINK Web Edition Software. REMOTE OPERATION Of Entire Facility,
3 New Trane Commercial Heat Pumps Units
Security Cameras Through out the facility (16) Cameras..
Just added 1.87 level acres for expansion can triple property income

New 2019 2 additional Acres added - Total of 3 acres
Complete remote operated facility.
Sitelink Web Edition software
Digitech Gate controller
Web site and Online rentals and payments new for 2019
WWW.JohnsonCitySelfStorage.Com

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Financial Information (Actual)

Gross Income $116,760
Operating Expense $17,620
Net Operating Income $99,140
Expense Ratio 15.1 %
Debt Info 85% LTV Financing Local Banks

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