Log In/Sign Up
Your email has been sent.
3917 Michigan Avenue Rd NE - Storage Park TN Portfolio 28,612 SF Specialty Building Offered For Sale in Cleveland, TN 37323
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 | Lot Size | 21.26 AC |
| Property Type | Specialty | Building Size | 28,612 SF |
| Property Subtype | Self-Storage | No. Stories | 1 |
| Building Class | C | Year Built | 1974 |
| Zoning | C - Commercial | ||
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 21.26 AC |
| Building Size | 28,612 SF |
| No. Stories | 1 |
| Year Built | 1974 |
| Zoning | C - Commercial |
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 043-034.00 | Improvements Assessment | $485,440 |
| Land Assessment | $172,480 | Total Assessment | $657,920 |
Property Taxes
Parcel Number
043-034.00
Land Assessment
$172,480
Improvements Assessment
$485,440
Total Assessment
$657,920
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
3917 Michigan Avenue Rd NE - Storage Park TN Portfolio
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.