3010 Roane State hwy - Creekside Storage - Midtown Harriman 12,488 SF Specialty Building Offered at $1,800,000 at a 7.94% Cap Rate in Harriman, TN 37748

Creekside Storage in the Midtown area of Harriman presents an amazing opportunity to acquire a well maintained self-storage facility just outside Knoxville’s institutional core, benefiting from the MSA population growth and rental pricing strength without competing directly against REIT-heavy assets. This secondary market rents are more stable than urban core and allow for continued rent growth and occupancy stability where national operators have limited penetration. Demand is supported by manufacturing healthcare, education and research and tourism & second-home ownership. This diversified economic base provides defensive cash flow across economic cycles and with excellent Google rankings that transfer with the sale, investors will be able to take advantage the online presence on Day 1. Harriman continues to benefit from strong net in-migration, household formation, downsizing, and commuter relocation as housing costs rise closer to Knoxville. These life-event drivers consistently feed self-storage demand across all submarkets keeping occupancies traditionally very strong. This smaller-format facility serves the local areas and is gated and fenced with controlled access, lighting and camera systems. This enables the operator to maintain control of the facility that supports operational control. Cubby software transition will include all tenant payment methods, autopays, and system data allowing for a turnkey transition.