Contact Information

Self Storage Details

  • Price: $1,150,000
  • Purchase Method: Cash, New Loan
  • Number of Storage Units: 155
  • Acreage: 3 acre(s)
  • Square Footage: 17,500 sqft
  • Occupancy: 82%
  • Year Built: 2014
  • Cap Rate: 7.2%
  • Property ID: 301536
  • Posted On: Oct 9, 2012
  • Updated On: Apr 20, 2020

Property Description

Newer Facility - Betco Units Outside and BETCO Conversion Units
Inside (75 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 2019 $104000
Op Expenses $20400 Year Cap Rate 7.2%
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 Boat and Rv Parking Open and covered Adding 2020

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 $104,760
Operating Expense $20,620
Net Operating Income $86,140
Expense Ratio 19.7 %
Debt Info Conventional or SBA Loans

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