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34311506
34311523

2821 Highway 43 South, Leoma, TN 38468 For Sale

AD
CA 01431059, TN 371574
PCG Commercial
Listed by PCG Commercial
$550,000
12 days on market
Updated 4 days ago

68 Unit Self-Storage Facility with upside

Details
APN 157 017.03
Property Type Self Storage
Sub Type Self Storage
Square Footage 11,600
Units 68
Cap Rate 5.60%
NOI $30,796
Occupancy 76%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 7.22%
Pro-Forma NOI $39,683
Price per SqFt $47
Broker Co-Op True
Year Built 2022
Year Renovated 2025
Buildings 5
Stories 1
Acreage 1.030
Zoning Commercial
Investment Type Value Add
Sale Condition N/A

Built in 2022, stabilized self-storage property with additional upside.

Marketing description

Built in 2022, AZ Self-Storage is a gated facility with Highway frontage comprised of 68 total units (non-climate controlled), metal constructed, with an excellent highly desirable unit mix. The property has key pad controlled entry, security cameras, managed with full automation and minimal operational expenses. The facility utilizes a Storage specific software company that handles the rent collections, marketing, leasing, phone calls, codes, evictions, and auctions.

AZ Storage Leoma, is currently at 76% occupancy leaving upside of an additional $1,243 per month ($14,916 annually) in rental upside.

This is great opportunity for either an investor looking to get out of residential/multifamily into the highly desirable Self-Storage space at a really reasonable price of $47 PSF. The facility is mostly passive with automated software management, low maintenance, and a field rep if to handle landscaping, lock overs, or repairs.

Located along a primary transportation corridor, the property serves residential, agricultural, and commercial users seeking secure storage solutions.

Investment highlights

  • Built in 2022, AZ Self-Storage is a gated facility with Highway frontage comprised of 68 total units (non-climate controlled), metal constructed, with an excellent highly desirable unit mix
  • The property has key pad controlled entry, security cameras, managed with full automation and minimal operational expenses
  • The facility utilizes a Storage specific software company that handles the rent collections, marketing, leasing, phone calls, codes, evictions, and auctions
  • AZ Storage Leoma, is currently at 76% occupancy leaving upside of an additional $1,243 per month ($14,916 annually) in rental upside
  • The facility is mostly passive with automated software management, low maintenance, and a field rep if to handle landscaping, lock overs, or repairs
  • Located along a primary transportation corridor, the property serves residential, agricultural, and commercial users seeking secure storage solutions

Listing Contacts

AD
CA 01431059, TN 371574
PCG Commercial
Listed by PCG Commercial

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$30,796.00
$2,566.33/mo

Valuation Metrics

0
DSCR
5.6%
Cap Rate
5.6%
ROI

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