908 N Roan St - Self-Storage Facilities FOR SALE


Johnson City, TN 37601- Downtown Johnson City
$1,395,000 USD
615-997-2861
908 N Roan St, Johnson City, TN for Sale
$1,395,000 USD
Self-Storage Facilities - FOR SALE
1/19
null | 6.51% Cap Rate

908 N Roan St
Johnson City, TN 37601
Downtown Johnson City


HIGHLIGHTS

  • 52,221 Residents within Three-Mile Radius with ~2.5% Growth Over the Last Four Years
  • Strategically Located on North Roan Street (8,500 VPD) in the Heart of Johnson City
  • Stable Income with Upside Potential Featuring Climate-Controlled, Flex and Drive-Up Units
  • Additional Income Opportunity Through Physical Occupancy Gains, Management Upside and Tenant Insurance
  • Fresh seal-coat on all asphalt surfaces and sealant on roofing completed summer of '25

OVERVIEW

For Deal Room access, click here; https://www.marcusmillichap.com/properties/148325/store-safe-tn For Additional details, contact; Andy Beeckman andrew.beeckman@marcusmilichap.com (615) 997-2861 INVESTMENT OVERVIEW Marcus & Millichap is pleased to exclusively offer for sale Store Safe TN located at 908 North Roan Street Johnson City, Tennessee 37601. Strategically located at the economic center of Washington County, this facility provides a comprehensive range of storage solutions for both residential and commercial users. Store Safe TN features a total of 118 units comprising of Climate-Controlled and Drive-up units with a total of 12,027 Net Rentable Square Feet. With the exception of six drive-up units, the facility is fully gated & fenced, and includes lighting, cameras, and modern OpenTech entry access keypads. The asphalt drive aisles have a brand new sealcoat applied in summer of 2025 in conjunction with fresh sealant on the roofs. These improvements allow for a clean user experience while reducing future CapEx. The 1000 sq/ft warehouse space has been gutted and is available for conversion to storage units or other use. Current trailing 9-month annualized income is up 9.8% from last year. The property is currently operated remotely by an owner/user. Store Safe TN is located across the street from Northside elementary school and benefits from an high average daily traffic count of nearly 8,500 vehicles with 52,000+ residents in a three-mile radius. Johnson City, TN is the economic powerhouse of the Tri-Cities region of the Appalachian Mountains in northeastern Tennessee. Located 1.4 miles from East Tennessee State University (ETSU) and nearby the Holston Business and Technology Park, and the U.S. Army National Guard Recruiting Center, this prime location enables the investor to cater to a broad range of long-term, commercial and traditional customer needs. This inherent flexibility lowers the risk of supply/demand shocks and enhances the property's versatility and income potential. Priced at $1,395,000, the seasoned investor can attain a double-digit cash return after minimal operational enhancements.

FOR SALE DETAILS

PRICE

$1,395,000 USD

PRICE/SF

$116 USD /SF

CAP RATE

6.51%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Store Safe TN

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

-

APN/PARCEL ID

046K-H-025.00

ASK ABOUT THIS PROPERTY

Andrew BeeckmanMarcus & MillichapMore Info
615-997-2861

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Andrew BeeckmanMarcus & MillichapMore Info
615-997-2861

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