1915 W Lamar Alexander Pky - Self-Storage Facilities FOR SALE


Maryville, TN 37801- Maryville/Alcoa
$14,870,000 USD
615-850-2774
1915 W Lamar Alexander Pky, Maryville, TN for Sale
$14,870,000 USD
Self-Storage Facilities - FOR SALE
1/16
null | Request Cap Rate

1915 W Lamar Alexander Pky
Maryville, TN 37801
Maryville/Alcoa


HIGHLIGHTS

  • The offering includes a primary facility and two satellite locations within a 3-mile radius, maximizing market coverage and operational efficiency.
  • Investors can capitalize on an approved 24,000 SF expansion at the primary site, as well as a ±0.7-acre outparcel
  • The surrounding area boasts an average HHI of $97,342 and is home to 68,592 residents within a 5-mile radius, supporting demand for self storage
  • Priced at $14,870,000 with a stabilized 7.25% cap rate, it provides immediate cash flow with upside potential through lease-up and rate management

OVERVIEW

Offering Website: http://www.assuredstoragemaryville.com Colliers is pleased to present, exclusively to qualified investors, the opportunity to acquire an institutional-quality self-storage facility along with two satellite locations within the Knoxville MSA. Assured Storage of Maryville consists of a primary facility at 1915 W. Lamar Alexander Parkway and two satellite properties, all within a three-mile radius. Together, these locations encompass 691 units across 87,725 square feet, with a blended physical occupancy of 68.5%. The flagship facility on West Lamar Alexander Parkway spans approximately 8.21 acres and features 11 single-story metal buildings, along with a dedicated management office. Included in this offering is a ±0.7-acre outparcel fronting the Parkway, ideal for single-tenant retail development or additional storage units. Additionally, an approved 24,000-square-foot split-level expansion is planned at the rear of the property. The facility boasts premium amenities, including a gated entrance with key-code access, a spacious management office with a second-story apartment, 24-hour video surveillance, asphalt drive aisles, well-maintained landscaping, and security lighting. Recognized as one of Maryville’s premier storage assets, this facility offers a best-in-class tenant experience. Located just 2.3 miles from the primary site, the satellite facility at 210 Brookdale Road consists of a single-story metal building with gravel drive aisles on a ±0.57-acre parcel. Another satellite location, 211 Queen Circle, is positioned 2.9 miles from the flagship site at the end of a cul-de-sac. This property includes two single-story metal buildings with gravel drive aisles on ±0.69 acres and consistently maintains strong occupancy due to its proximity to Foothills Mall. Maryville, Tennessee, is a thriving community located just 20 miles south of Knoxville—the state’s third-largest city and the 127th largest in the United States. The region benefits from major employers such as Denso Manufacturing Tennessee, Alcoa, the University of Tennessee, Oak Ridge National Laboratory, and TVA. The surrounding five-mile trade area is home to 68,592 residents, with an impressive average household income of $97,342. With a highly educated workforce and a comparatively low cost of living, the area is positioned for continued economic expansion. Offered at $14,870,000, Assured Storage is priced at a stabilized 7.25% cap rate and $169.51 per square foot. This asset presents an outstanding investment opportunity in a high-growth, affluent Knoxville suburb. Investors can realize significant upside through strategic revenue management while capitalizing on the area’s robust population growth, expanding economy, and proximity to major universities and commercial hubs.

FOR SALE DETAILS

PRICE

$14,870,000 USD

PRICE/SF

$178 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Assured Storage of Maryville Portfolio

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9.47 AC

LAND SF

412,513 SF

ZONING

-

APN/PARCEL ID

056-063.00

ASK ABOUT THIS PROPERTY

Ashley ComptonColliersMore Info
615-850-2774

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Ashley ComptonColliersMore Info
615-850-2774

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