912 Dinah Shore Blvd, Winchester, TN 37398 For Sale

Recently built in 2023, AZ Self-Storage, is a 33,200 SF facility featuring a fenced 3.35 acres comprised 169 drive up, ground level units with a desirable unit mix which includes covered RV/Boat Storage. The direct market has strong demographics with traffic counts on Dinah Blvd are +/-22,000 ADT plus Winchester boasts an average annual household income of +$70K.

Offered at only $57 PSF, this facility is privately owned yet is operates as if it were institutionally managed.

AZ Storage historically operates at 85% occupancy providing solid cash-flow while still leaving upside of +$9,600 in annual rent bumps on existing lower rents plus higher tenant insurance sales revenue. Furthermore, there are other facilities in close proximity operating at 93-100% occupancy meaning that there's additional potential for $13,225 annually. This equates to an achievable 7.8% proforma cap rate and potential for $300K-$350K in value growth potential.

Although the property is efficiently managed and operated, the owner pays a Field Rep $4,800 annually to complete overlocks along with site inspections to check on the property because the seller operates other businesses. This expense could be removed if a new buyer already has their own management.

This is a great low maintenance cash-flow opportunity that's fully automated and professionally managed.