Self Storage Details

  • Purchase Method: Cash, New Loan
  • Number of Storage Units: 155
  • Acreage: 3 acre(s)
  • Square Footage: 17,000 sqft
  • Occupancy: 73%
  • Year Built: 20142016
  • Cap Rate: 7.3%
  • Property ID: 301536
  • Posted On: Oct 9, 2012
  • Updated On: Apr 7, 2021

Property Description

Betco Outside and Betco Inside/Conversion Units
72 Climate Controlled Units
Web Site . Call Center Operated , Fully Remotely Operable Facility
72 Units Outside and a total of 153 at 93% Occupancy
4 nicely finished Micro Business Offices. Good Location for In 1000 Sq Feet for In House Apartment, 2 Bathrooms , Showers and Finished Living Area or Offices to Rent Completed.
New 2019 1.87 Acres adjoining facility (350 x 200) Fully Fenced and Gated Pad ready and Paved/Graveled
Gross Potential Rents now are over $13300 / Month.
Gross Income 2020 $111000
Operating Expenses $27600 Year Cap Rate 7.25%
Brand New ( June 2020 Open Tech Alliance Bluetooth Gate Controller and 3 New Keypad
3 Acres Total - 2 Acres Expansion - Already Fenced and Gated and ready to develop
Sun Power Flip Up Gate Solar Or Battery Powered
Sitelink Web Edition Software.
Trane Commercial Heat Pumps Units
New Security Cameras Through out the facility (16) Cameras June 2020
Boat and Rv Area Just Opened Fall 2020
New 2020 1.87 additional Acres added - Total of 3 acres
Complete remote operated facility.
Sitelink Web Edition Software
Open Tech Alliance CIA Gate controller Hands Free Entry thru an App on your phone.
Kiosk, Web site and Online rentals and payments new for
2019
JohnsonCitySelfStorage.Com

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Financial Information (Actual)

Gross Income $111,300
Operating Expense $27,620
Net Operating Income $83,140
Expense Ratio 24.8 %
Debt Info Conventional or SBA Loans

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