Self Storage Details

  • 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: 9.5%
  • Property ID: 301536
  • Posted On: Oct 9, 2012
  • Updated On: Oct 15, 2020

Property Description

Betco Units Outside and Betco Conversion Units
Inside (78 Climate Units) 4 Offices Rental of Micro Businesses
75 Units Outside and a total of 153 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 Offices to Rent
New 2019 1.87 Acres adjoining facility (350 x 200)
Gross Potential Rents now are over $13300 / Month.
Gross Income 2019 $119000
Operating Expenses $23400 Year Cap Rate 9.2%
Brand New ( June 2020 Open Tech Alliance Blue tooth Gate Controller and New Exit Keypad
3 Acres Total - 2 Acres Expansion - Already Fenced and Gated and ready to develop
Sun Power Flip Up Gate
Sitelink Web Edition Software. REMOTE OPERATION Of Entire Facility.
Trane Commercial Heat Pumps Units
New Security Cameras Through out the facility (16) Cameras.June 2020
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
Open Tech Alliance CIA Gate controller Hands Free Entry thru an App on your phone. New Exit Keypad and Gate Controller June 2020.
Kiosk, Web site and Online rentals and payments new for 2019
WWW.StoreSafeTn.Com

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Financial Information (Actual)

Gross Income $119,760
Operating Expense $23,620
Net Operating Income $96,140
Expense Ratio 19.7 %
Debt Info Conventional or SBA Loans

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