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629 Sycamore st - Universal Storage Solutions 50,040 SF Specialty Building Offered at $4,050,000 at a 6.25% Cap Rate in Elizabethton, TN 37643
INVESTMENT HIGHLIGHTS
- Very strong demand in this trade area. Historical occupancy in the 90%+ range
- Attractive immediate yield with upside still remaining
- Ability to push existing customer rate increases quickly
- Current Unit and Square Foot Occupancy both over 92%
- Large enclosed parking spaces that stay full year round given the fact these are very rare for this area
- Over $15k+ in tenant insurance NOI still left to take advantage of
EXECUTIVE SUMMARY
Broker of Record
Hutt Cooke
License # 263667 (TN)
Matthews
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Hutt Cooke
License # 263667 (TN)
Matthews
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
| Price | $4,050,000 | Building Class | C |
| Price Per SF | $80.94 | Lot Size | 2.80 AC |
| Sale Type | Investment | Building Size | 50,040 SF |
| Cap Rate | 6.25% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2000 |
| Property Subtype | Self-Storage |
| Price | $4,050,000 |
| Price Per SF | $80.94 |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 2.80 AC |
| Building Size | 50,040 SF |
| No. Stories | 1 |
| Year Built | 2000 |
AMENITIES
- Controlled Access
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PROPERTY TAXES
| Parcel Number | 041K-G-018.01 | Improvements Assessment | $232,240 |
| Land Assessment | $44,880 | Total Assessment | $277,120 |
PROPERTY TAXES
Parcel Number
041K-G-018.01
Land Assessment
$44,880
Improvements Assessment
$232,240
Total Assessment
$277,120
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629 Sycamore st - Universal Storage Solutions
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