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Duncans Climate Control Storage 3 Industrial Properties Offered at $8,150,000 in Cookeville, TN
INVESTMENT HIGHLIGHTS
- Self Storage Business comprising three buildings situated on a combined 4.17+/- acres totaling 68,444sf of improved space
- 273 Self Storage Units
- Flex Space, Offices, Fenced Storage Yards
EXECUTIVE SUMMARY
The property includes the Business and Real Estate situated on three parcels, two of which are contiguous, with an additional storage facility approximately ½ mile north of the contiguous parcels. The addresses are 809 E 20th Street, 1625 Brown Avenue, and 2199 Summerfield Rd, Cookeville, TN. The combined parcels total approximately 4.17 acres, with buildings covering 68,444 sq ft, providing 273 self-storage units with expandable flex space. The business, Duncan’s Climate Control Storage, with over 93% occupancy, is included in the sale along with furniture, fixtures, and equipment (FF&E). The properties have a mixed zoning designation, including Commercial Industrial Mixed Use (CI) and Heavy Manufacturing (HM). Utilities such as water, gas, electric, sewer, and internet are available to the sites. Cookeville is among the Top 10 fastest-growing micropolitan markets in the U.S., located roughly 1.5 hours west of Knoxville, 1.5 hours east of Nashville, and 1.5 hours north of Chattanooga. Duncan Climate Control Storage naming rights do not convey.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
PROPERTY FACTS
| Price | $8,150,000 | Status | Active |
| Price / SF | $144.85 / SF | Number of Properties | 3 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 4.20% | Total Building Size | 56,264 SF |
| Sale Type | Investment | Total Land Area | 4.34 AC |
| Price | $8,150,000 |
| Price / SF | $144.85 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 4.20% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 56,264 SF |
| Total Land Area | 4.34 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 2199 Summerfield Rd, Cookeville, TN 38506 | Industrial | 30,264 SF | 1967 | - |
| 809 E 20th St, Cookeville, TN 38501 | Industrial | 14,000 SF | 1974 | - |
| 1625 Brown Ave, Cookeville, TN 38501 | Industrial | 12,000 SF | 1979 | - |
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Duncans Climate Control Storage
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