Creekside Storage - Burnett Station
Knoxville to Sevierville Corridor - Stabilized Self Storage
Marketing description
This is a prime investment opportunity to acquire a facility within close proximity to Knoxville and in the path of growth across the greater Knoxville area. The location is well maintained and turnkey for remote management.
Location & Market // Situated just off Chapman Hwy, a primary town thoroughfare, the facility benefits from local visibility and proximity to established residential areas.
Operations & Security // The property maintains high occupancy with achieved rents above gross potential allowing for increased street rate potential. The facility has been upgraded to PDK gate controllers with LiftMaster motor ensuring only paying tenants access units. The largest facility of the portfolio and operated in tandem with the Plaza, Burnett excels at cash flow and with 12 Hikvision cameras routed to on-site internet-enabled NVR, remote monitoring is consistent and reliable. Full LED lighting throughout the facility for tenant safety and security
Capital Expenditures & Improvements // In addition to the new gate controllers, LiftMaster motor, LED lighting, new bollards were installed. Four additional parking spots are ready to support new tenants that are in operations in the field but have not yet been added into software as of the listing date.
Investment highlights
Knoxville MSA Without REIT Saturation
Strong Demand Drivers Demonstrated by Solid Occupancy
Proven Self-Storage Markets
Smaller-Format Facilities With Quality Amenities
Clear Path From Stabilized Yield to Long-Term Upside
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