615 Self Storage at 1618-B Scotty Parker Road
Self Storage | 75 Units | $27,733/unit
Marketing description
4.258 +/- acres. 18,084 NRSF boat and RV covered storage. 16,440 NRSF uncovered boat and RV parking. The expansion of two additional buildings approved with the county zoning totaling 12,456 NRSF sq ft. This expansion is not currently shovel ready, needs architectural and building and codes approval, etc.. Property is GC but approved as PUD for mini warehouse. Located in County Jurisdiction. The property has a calculated proforma at $17,000 per month as is, without additional building construction. Electrical and fence/ gates planned for 2025. Questions- Reach out to the ownership for the business 615selfstorage.com or through [email protected] Owner/Agent
Investment highlights
Currently listed at a 5.2% cap rate with 80% in expenses with a proforma EoY2 7.8% cap rate. The proforma cap rate is based off of local competition’s existing rates and high occupancy. The property has a manager in place. 8 months of financials are available for buyers review. Our rental increases are scheduled to coincide with the addition of electrical, surveillance, fence and gate. This is an Owner/Operator/Agent property located a few miles north of Gallatin, Tennessee. The property is outside of the city limits of Gallatin, TN., and approximately 15 minutes drive north of Old Hickory Lake and 40 minutes north of Metro Nashville.
Questions- Reach out to the ownership for the business 615selfstorage.com or through 615selfstorage@gmail.com
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
