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Storage Park TN Portfolio 3917 Michigan Avenue Rd NE 116,831 SF 100% Leased Industrial Building Cleveland, TN 37323 For Sale
Investment Highlights
- Portfolio-wide occupancy over 93% across 907 units and ±116,831 net rentable SF
- Fully stabilized portfolio despite spending little to no money on advertising
- Dayton location is the only climate-controlled facility within 22 miles of that market staying economically and physically full over 89%
- Opportunity to purchase the portfolio at an attractive basis considering the amount of climate-controlled units
- Opportunity to improve economic occupancy and drive rental rates
- Very attractive returns projected, with 5-year levered IRR at 21%
Executive Summary
Broker of Record
Hutt Cooke
License # 263667, 356505 (TN)
Matthews Real Estate Investment Services, LLC
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Hutt Cooke
License # 263667, 356505 (TN)
Matthews Real Estate Investment Services, LLC
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
| Sale Type | Investment | Rentable Building Area | 116,831 SF |
| Property Type | Industrial | No. Stories | 1 |
| Building Class | C | Year Built | 1974 |
| Lot Size | 21.26 AC |
| Sale Type | Investment |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 21.26 AC |
| Rentable Building Area | 116,831 SF |
| No. Stories | 1 |
| Year Built | 1974 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
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Storage Park TN Portfolio | 3917 Michigan Avenue Rd NE
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