2821 Highway 43 S - Self-Storage Facilities FOR SALE


Leoma, TN 38468
$550,000 USD
916-303-0133
2821 Highway 43 S, Leoma, TN for Sale
$550,000 USD
Self-Storage Facilities - FOR SALE
1/19
null | 7.22% Cap Rate

2821 Highway 43 S
Leoma, TN 38468


HIGHLIGHTS

  • Newer facility built in 2022
  • Only $47 PSF!
  • Fully automated operations, easy to manage; Secure Key Pad Entry with Video
  • Vacancy lease-up potential of $1,243/Mo; $14,916 Annual
  • Excellent unit mix within metal buildings
  • Highway 43 Frontage, Visibility, and Access

OVERVIEW

Built in 2022, AZ Self-Storage is a gated facility with Highway frontage comprised of 68 total units (non-climate controlled), metal constructed, with an excellent highly desirable unit mix. The property has key pad controlled entry, security cameras, managed with full automation and minimal operational expenses. The facility utilizes a Storage specific software company that handles the rent collections, marketing, leasing, phone calls, codes, evictions, and auctions. AZ Storage Leoma, is currently at 81% occupancy leaving upside of an additional $1,243 per month ($14,916 annually) in rental upside. This is great opportunity for either an investor looking to get out of residential/multifamily into the highly desirable Self-Storage space at a really reasonable price of $47 PSF. The facility is mostly passive with automated software management, low maintenance, and a field rep if to handle landscaping, lock overs, or repairs. Located along a primary transportation corridor, the property serves residential, agricultural, and commercial users seeking secure storage solutions. 2821 Highway 43 South is located in Leoma, Tennessee, within Lawrence County, a growing regional market in southern Middle Tennessee. The property enjoys frontage along Highway 43, one of the area's primary north-south transportation corridors connecting Leoma, Lawrenceburg, and surrounding communities. The facility serves a broad customer base including homeowners, renters, agricultural operators, contractors, and local businesses. The surrounding area benefits from a diverse employment base including manufacturing, healthcare, transportation, warehousing, retail, and agriculture. The property's central location and accessibility position it well to capture storage demand from both residential and commercial users throughout the region.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$47 USD /SF

CAP RATE

7.22%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AZ Self-Storage | 68 Units

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

C

APN/PARCEL ID

124 05702000

ASK ABOUT THIS PROPERTY

Adrian Del RioPCG CommercialMore Info
916-303-0133

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Adrian Del RioPCG CommercialMore Info
916-303-0133

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