Self Storage Details
- Purchase Method: Cash, New Loan
- Number of Storage Units: 62
- Acreage: 1 acre(s)
- Square Footage: 8,400 sqft
- Occupancy: 95%
- Cap Rate: 12.0%
- Listing ID: 371780
- Posted On: May 13, 2013
- Updated On: Feb 6, 2014
Description
This is a great storage facility located in Kingsport, TN. Owner has just put in a new Elite gate motor and keypad, property has all concrete driveways. This site has low expenses and has stayed at over 92% for a long time now. Its completly fenced, there is a unit that is set up to be an office space, however i just rent it out as a storage unit as i have no need for the office.
Amenities
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- Strong Customer Base
- New Gate Motor And Keypad
- All Concrete Driveways
- Newer Contruction
- Completly Fenced
- Low Maintenance
- Web Self Storage=Emove Software
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Financial Information (Actual)
| Gross Income: | $49,980 |
| Operating Expense: | $5,274 |
| Net Operating Income: | $42,726 |
| Expense Ratio: | 10.6 % |