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Kevin Hubbs

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Bristol Storage Solutions

Self Storage for Sale in Bristol, Tennessee

110 Bristol College Drive
Bristol, TN 37620

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Sale Price: $899,000

Contact Information

Kevin Hubbs

Self Storage for Sale

Number of Storage Units: 160
Acreage: 1.2 acre(s)
Square Footage: 17500 sqft
Occupancy: 62 %
Cap Rate: 10.0%
Purchase Method: Cash, New Loan
Status: Active
Property ID: 301536
Posted on: Oct 09, 2012
Updated on: Jan 18, 2018
Price: $899,000

Property Description

Newly Built Facility - New BETCO units outside and BETCO Conversion Units inside (80 Climate Units) (Fall 2016) Just added. 76 Units and a total of 160 total 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.
Gross Potential Rents now are over $12700/Month.
Gross Income 2017 $105000
Op Expenses $19400 Year Cap Rate 10%
Insurance $1100 Year Property Taxes City and County $ 6200 Year

Very Reasonably Priced Under Appraisal Completed 2015
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..

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