2784 Morningside Dr | Morristown, TN 37814
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2784 Morningside Dr
Morristown, TN 37814
StoragePUP of Morristown · Specialty Property For Sale
·
25,714 SF
INVESTMENT HIGHLIGHTS
- Year 5 stabilized Cap Rate exceeds double digits at an impressive of 13.70%
- Situated on ±1.61 acres in Tennessee’s Hamblen County | The site is secured with perimeter fencing and gated entry for enhanced safety and the ability
- Upside available by stabilizing the occupancy, expansion of relocatable unit business, new onsite development, and ongoing rental rate adjustments
- 114 Units | 7,808 Gross Rentable SF | 25,714 Gross Rentable SF (includes parking) | Diversified unit mix & air-conditioned units available
- Newly opened facility in initial leasing phase | Ribbon cutting with Chamber of Commerce August 2024
- Facility is fully fenced & gated with 24/7 access, equipped with camera surveillance & keypad entry | Keypad is Internet-based, which is vital to mana
PROPERTY FACTS
| Property Type | Specialty | Building Size | 25,714 SF |
| Property Subtype | Self-Storage | No. Stories | 1 |
| Building Class | C | Year Built | 2020 |
| Lot Size | 1.61 AC |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 1.61 AC |
| Building Size | 25,714 SF |
| No. Stories | 1 |
| Year Built | 2020 |
PROPERTY TAXES
| Parcel Number | 032034C G 00301 | Improvements Assessment | $0 |
| Land Assessment | $42,080 | Total Assessment | $42,080 |
PROPERTY TAXES
Parcel Number
032034C G 00301
Land Assessment
$42,080
Improvements Assessment
$0
Total Assessment
$42,080
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