112 Benton Way - Self-Storage Facilities FOR SALE


Benton, TN 37307
$1,900,000 USD
407-500-0109
112 Benton Way, Benton, TN for Sale
$1,900,000 USD
Self-Storage Facilities - FOR SALE
1/16
null | 6.63% Cap Rate

112 Benton Way
Benton, TN 37307


HIGHLIGHTS

  • 112 Benton Way is home to a 92-unit self-storage facility, and six covered and 15 surface RV/ boat/ truck/ trailer/car parking spaces.
  • Directly off TN Highway 411 in Polk County in Benton, Tennessee, which is part of the Cleveland, Tennessee, MSA.
  • Prime opportunity for a storage user to acquire and take over a well-maintained storage and parking facility with an on-site management headquarters.
  • All 92 self-storage units are climate and moisture-controlled, and 33 of these units were recently added in Q1 2024.
  • All renters are on month-to-month terms and can sign up online or in person upon agreeing to the terms and conditions.

OVERVIEW

Here's an opportunity to acquire and take over 112 Benton Way, a 92-unit self-storage and parking facility. All self-storage units are climate and moisture-controlled. The facility underwent recent renovations and upgrades, providing new LED lighting inside and outside, as well as new electrical systems. Improvements include an on-site one-bed, one-bath manager’s apartment and a management office that offers storage and moving supplies for sale. Storage units range from 10 feet by 10 feet to 10 feet by 20 feet, with extra-wide halls for easy access. Additionally, there are six covered and 15 surface spaces for RV, truck, boat, car, or trailer drivers; a 1.5-acre poured concrete pad site ready for 50+ additional storage units; and further space for more boat and RV storage. The prominent pylon and building signages are highly visible from the fully fenced-in property, where more than 9,600 cars pass daily via Highway 411.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$110 USD /SF

CAP RATE

6.63%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Well-Established Storage and Parking Facility

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

2.35 AC

LAND SF

102,366 SF

ZONING

Commercial

APN/PARCEL ID

045-028.17

ASK ABOUT THIS PROPERTY

Nader AshchiNader AshchiMore Info
407-500-0109

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Nader AshchiNader AshchiMore Info
407-500-0109

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.