50 Voss Ln - Self-Storage Facilities FOR SALE


Huntingdon, TN 38344
$1,395,000 USD
916-303-0133
50 Voss Ln, Huntingdon, TN for Sale
$1,395,000 USD
Self-Storage Facilities - FOR SALE
1/19
null | 7.5% Cap Rate

50 Voss Ln
Huntingdon, TN 38344


HIGHLIGHTS

  • Upside in loss-to-vacancy revenue of $40,846 annually.
  • Remotely managed, controlled access, low expenses.
  • Spacious units with lighting & electrical outlets in each unit.
  • Wide drive isles to accommodate RV, Boats, or Equipment.
  • Controlled gate access with fenced perimeter.
  • Lake Halford is a major recreational, boating, and fishing attraction. Excellent location directly off HWY 70.

OVERVIEW

Built in 2021, Big Stuff Storage is a secured access 26,320 SF RV, Boat, and Equipment storage facility comprised of 47 (non-climate controlled) spacious units in Huntingdon, TN. There are two metal constructed buildings with wide drive isles, plus each unit boasts a spacious 14 x 40 (560 SF/Unit) with lighting plus electrical outlets, and high clear heights. The property features secure controlled key pad gate entry, a full perimeter fence with lighting for added security. The value-add play to increase revenues is by allocating marketing dollars for maximum exposure since the owner currently only utilizes signage with a website. There's $3,400 per month or $40,846 in upside revenue based on loss-to-vacancy. The current in-place trailing Net Operating Income (NOI) is $69,090, although the stabilized NOI is projected at $109,026 equating to a 7.5% cap rate. The property has no deferred maintenance only requiring increased marketing expense and exposure. An investor will benefit from increasing the revenue along with enjoying the really low monthly operational expenses while maintaining an 80-85% historical occupancy.

FOR SALE DETAILS

PRICE

$1,395,000 USD

PRICE/SF

$53 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Big Stuff Storage | 47 Units

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

3.18 AC

LAND SF

138,521 SF

ZONING

00

APN/PARCEL ID

096-018.00

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.