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Storage Park Cleveland Portfolio 2 Specialty Properties Offered at $3,880,000 in Cleveland, TN
Investment Highlights
- Clear opportunity to improve economic occupancy and drive rental rates
- High projected returns, with projected 5-year levered IRR at 24%
- Cleveland, TN is anchored by Whirlpool Corporation (1,535 employees), Amazon (1,100+ jobs), and Bradley Medical Center (~1,000 employees)
- 147 single-family homes either completed or in development directly behind the Freewill facility. Plans to nearly double that number in the future
- Strong residential development momentum within the city with multiple new subdivisions underway, including the Hardwick Farm master-planned community
Executive Summary
Hutt Cooke
License # 356505, 263667 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # 356505, 263667 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
| Price | $3,880,000 | Number of Properties | 2 |
| Price / SF | $28.75 / SF | Individually For Sale | 0 |
| Cap Rate | 6.65% | Total Building Size | 134,969 SF |
| Sale Type | Investment | Total Land Area | 24.39 AC |
| Status | Active |
| Price | $3,880,000 |
| Price / SF | $28.75 / SF |
| Cap Rate | 6.65% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 134,969 SF |
| Total Land Area | 24.39 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 3917 Michigan Avenue Rd NE, Cleveland, TN 37323 | Specialty | 116,831 SF | 1974 | - |
| 725 Freewill Rd NW, Cleveland, TN 37312 | Specialty | 18,138 SF | 1991 | - |
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Storage Park Cleveland Portfolio
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