112 Benton Way 17,196 SF Specialty Building Offered at $1,800,000 at a 7.01% Cap Rate in Benton, TN 37307

BY OWNER --- Creative financing is possible --- Here's a prime opportunity to acquire 112 Benton Way, a 113-unit self-storage facility. Comprised of 92 climate-controlled units, 6 covered, and 15 surface RV/ boat/ truck/ trailer/car parking spaces (total of 113 Rental spaces). Prime opportunity for a storage operator to acquire and take over a well-maintained storage and parking facility with an on-site management headquarters. All self-storage units are climate and moisture-controlled. The facility underwent recent renovations and upgrades, providing new LED lighting inside and outside, as well as new electrical systems. Improvements include an on-site one-bed, one-bath manager’s apartment and a management office that offers storage and moving supplies for sale. Storage units range from 10 feet by 10 feet to 10 feet by 30 feet, with extra-wide halls for easy access. Additionally, there are six covered and 15 surface spaces for RV, truck, boat, car, or trailers; a 1.5-acre poured concrete pad site ready for 50+ additional storage units; and/or further space for more boat and RV storage. The prominent pylon and building signage are highly visible from the fully fenced-in property, where more than 9,600 cars pass daily via Highway 411. Directly off TN Highway 411 in Polk County in Benton, Tennessee, which is part of the Cleveland, Tennessee, MSA. All 92 self-storage units are climate and moisture-controlled, and 33 of these units were recently added in Q1 2024.