Self Storage Facilities /TN /Shelby County /Memphis /1699 Airways Blvd
Self Storage Facilities /TN /Shelby County /Memphis /1699 Airways Blvd

1699 Airways Blvd - Self-Storage Facilities FOR SALE


Memphis, TN 38114- Southeast Memphis | 
$16,000,000 USD
1699 Airways Blvd, Memphis, TN for Sale
$16,000,000 USD
Self-Storage Facilities - FOR SALE
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1699 Airways Blvd
Memphis, TN 38114
Southeast Memphis

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HIGHLIGHTS

  • NEW Reduced Price! - $16,000,000
  • Opened August 2023
  • 1,185 All Climate-Controlled Units with 80 Outside Parking Spaces
  • Achieved 54% Occupancy (680 Units) in Just Under 24 Months
  • Ongoing Consistent Occupancy Growth
  • Potential for Expansion on 6+ Acre Lot

OVERVIEW

John B. Walker, Broker of Record; jbw@walkercommercialproperties.com; 901-766-1855 (p)

FOR SALE DETAILS

PRICE

$16,000,000 USD

PRICE/SF

$109 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Airways Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

140

LAND DETAILS

LAND ACRES

6 AC

LAND SF

261,360 SF

ZONING

IH

APN/PARCEL ID

04-7005-0-0005C

ASK ABOUT THIS PROPERTY

Dale EisenmanMidcoast Properties, Inc.More Info

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Dale EisenmanMidcoast Properties, Inc.More Info

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