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30913788
30913787

3010 Roane State Hwy, Harriman, TN 37748 For Sale

AB
TN TN 255603, MS MS B-20181 (+1)
EquiCap Commercial, LLC, TN
AB
TN TN358326
EquiCap Commercial, LLC, TN
Listed by EquiCap Commercial, LLC, TN
$1,650,000
127 days on market
Updated 10 days ago
Opportunity zone

Creekside Storage - Harriman, TN

Details
APN 057 026.00 000
Property Type Self Storage
Sub Type Self Storage
Square Footage 14,925
Net Rentable (SqFt) 14,925
Units 120
Cap Rate 8.66%
NOI $142,924
Occupancy 89%
Pro-Forma Cap Rate 9.4%
Pro-Forma NOI $155,040
Price per SqFt $111
Broker Co-Op Yes
Class B
Year Built 2000
Year Renovated 2024
Buildings 6
Stories 1
Acreage 1.130
Zoning Commercial
Investment Type Stabilized
Occupancy Date 01/17/2026
Ownership Owner-operated
Sale Condition N/A

Self Storage with High Occupancy!!!

Marketing description

Harriman Market & Property Highlights;

Location & Market // The facility boasts excellent visibility located directly off Roane State Hwy with traffic counts that range from 9,777 to 10,690 VPD. The area is poised for growth; Roane County has approved future expansion of Roane State Hwy from two lanes to four lanes, enhancing long-term exposure and visibility

Operations & Security // The facility has sustained high occupancy for years, supported by strong local demand and above average rates within the portfolio. The facility is controlled via a PDK access controller with LiftMaster motor and closed loop exit. Lighting has been upgraded to LED across pole lights and most wall packs throughout. Surveillance includes a 13- camera Hikvision system with on-site NVR and internet connectivity, allowing for full remote monitoring.

Capital Expenditures & Improvements // This property has received substantial capital investment within the last three years. Beyond the new LED lighting, high-tech cameras and PDK access control, the facility has received a new roof as of three years ago, freshly painted buildings, and new bollards.

Investment highlights

  • 96% Economic Occupancy
  • Total Income $188,560 (T-12 months)
  • Knoxville MSA Without REIT Saturation
  • Strong Demand Drivers
  • Proven Self-Storage Market
  • Smaller-Format Facility With Remote Management Amenities

Listing Contacts

AB
TN TN 255603, MS MS B-20181 (+1)
EquiCap Commercial, LLC, TN
AB
TN TN358326
EquiCap Commercial, LLC, TN
Listed by EquiCap Commercial, LLC, TN

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$142,924.00
$11,910.33/mo

Valuation Metrics

0
DSCR
8.66%
Cap Rate
8.66%
ROI

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Additional Information

Name
Anne Blackwell
License
TN 255603
Brokerage
EquiCap Commercial
Brokerage Phone
9014864376
Title
Broker
Brokerage Address
5865 Ridgeway Center Parkway
Name
Andy Beeckman
License
TN358326
Brokerage Phone
7146554164
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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