Creekside Storage - Burnett Station Specialty FOR SALE


Seymour, TN
$1,850,000 USD
714-655-4164
, Seymour, TN for Sale
$1,850,000 USD
Specialty - FOR SALE
1/18
null | 9.26% Cap Rate

Creekside Storage - Burnett Station
Seymour, TN


HIGHLIGHTS

  • Knoxville MSA Without REIT Saturation
  • Strong Demand Drivers Demonstrated by Solid Occupancy
  • Proven Self-Storage Markets
  • Smaller-Format Facilities With Quality Amenities
  • Clear Path From Stabilized Yield to Long-Term Upside

OVERVIEW

This is a prime investment opportunity to acquire three facilities within close proximity and in the path of growth across the greater Knoxville area. All locations are well maintained and turnkey for remote management. All information listed is the combined total of the properties in this offering. Burnett Station site; Location & Market // Situated just off Chapman Hwy, a primary town thoroughfare, the facility benefits from local visibility and proximity to established residential areas. Operations & Security // The property maintains high occupancy with achieved rents above gross potential allowing for increased street rate potential. The facility has been upgraded to PDK gate controllers with LiftMaster motor ensuring only paying tenants access units. The largest facility of the portfolio and operated in tandem with the Plaza, Burnett excels at cash flow and with 12 Hikvision cameras routed to on-site internet-enabled NVR, remote monitoring is consistent and reliable. Full LED lighting throughout the facility for tenant safety and security. Capital Expenditures & Improvements // In addition to the new gate controllers, LiftMaster motor, LED lighting, new bollards were installed. Four additional parking spots are ready to support new tenants that are in operations in the field but have not yet been added into software as of the listing date.

ASK ABOUT THIS PROPERTY

Andrew BeeckmanEquiCap Commercial in Association with ParaSellMore Info
714-655-4164

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Andrew BeeckmanEquiCap Commercial in Association with ParaSellMore Info
714-655-4164

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