914 Peach St - Self-Storage Facilities FOR SALE


Selmer, TN 38375
$650,000 USD
615-997-2861
914 Peach St, Selmer, TN for Sale
$650,000 USD
Self-Storage Facilities - FOR SALE
1/9
null | 7.27% Cap Rate

914 Peach St
Selmer, TN 38375


HIGHLIGHTS

  • Room for expansion of ~3,000 square feet
  • Office has full security system with entry code pad; Single entrance with two office suites currently rented

OVERVIEW

INVESTMENT OVERVIEW Marcus & Millichap is pleased to present the exclusive opportunity to acquire U Store Mini Storage located at 914 Peach St. Selmer, TN 38375. The facility is located on 2.33 acres and contains 94 units and 15,195 net rentable square feet. The property is located in McNairy County. U Store Mini Storage presents a prime opportunity to invest in the growing self-storage asset class. The property is partially fenced with newly graveled drive aisles, a high tech camera Lorex system with remote monitoring capabilities and office space that is currently occupied (See Rent Roll). The site has room to add to expand approximately 3,000 net rentable square feet or self storage or portable units. The facility is currently 99% occupied and set up to operate remotely. The facility has been owner-operated as of July 2024 with very consistent results averaging $6,309 per month in income. Priced to sell at $650,000 ($42.78), in-place cash flow covers a 1.33 DCR and with the additional advantage of No real estate tax impact to NOI until 2027. The U Store Mini Storage opportunity provides the investor ample time to take the property to the next level and realize an 22.02% return on Proforma. Selmer, TN is strategically located south of Jackson, TN - home to the future 6K Energy PlusCam battery production plant - and positioned between Memphis, Nashville and Huntsville. This bedroom community has a single competitor with the next closet facility located ~15 miles away. INVESTMENT HIGHLIGHTS • Room for expansion of ~3,000 square feet • Minimal competition in the trade area • Competitive Cap Rate with management upside • Office has full security system with entry code pad; Single entrance with two office suites currently rented • Lorex Camera system with full property coverage can be accessed real-time, remotely, via an app. • Rent roll & Trailing income does not include ~600 sq/ft Contractor unit that is being swapped for Landscape and Maintenance services

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$46 USD /SF

CAP RATE

7.27%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

U Store Mini Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

2.33 AC

LAND SF

101,495 SF

ZONING

-

APN/PARCEL ID

080J-D-002.03

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 Policy.