Big Stuff Storage Facility | 47 Units
2021 Built Storage Facility with revenue upside
Marketing description
Built in 2021, Big Stuff Storage is a secured access 26,320 SF RV, Boat, and Equipment storage facility comprised of 47 (non-climate controlled) spacious units in Huntingdon, TN. There are two metal constructed buildings with wide drive isles, plus each unit boasts a spacious 14 x 40 (560 SF/Unit) with lighting plus electrical outlets, and high clear heights.
The property features secure controlled key pad gate entry, a full perimeter fence with lighting for added security.
The value-add play to increase revenues is by allocating marketing dollars for maximum exposure since the owner currently only utilizes signage with a website. There's $3,400 per month or $40,846 in upside revenue based on loss-to-vacancy. The current in-place trailing Net Operating Income (NOI) is $69,090, although the stabilized NOI is projected at $109,026 equating to a 7.5% cap rate. The property has no deferred maintenance only requiring increased marketing expense and exposure.
An investor will benefit from increasing the revenue along with enjoying the really low monthly operational expenses while maintaining an 80-85% historical occupancy.
Investment highlights
- Upside in loss-to-vacancy revenue of $40,846 annually.
- Remotely managed, controlled access, low expenses.
- Spacious units with lighting & electrical outlets in each unit.
- Wide drive isles to accommodate RV, Boats, or Equipment.
- Controlled gate access with fenced perimeter.
- Excellent location directly off HWY 70.
- Lake Halford is a major recreational, boating, and fishing attraction.
- In-place cap rate of 4.95% with current NOI of $69,010
- Stabilized NOI projected at $109,026 equating to a 7.5% cap rate
- $3,400 per month or $40,846 in upside revenue based on loss-to-vacancy
- 80-85% historical occupancy
- Value-add opportunity through increased marketing exposure
- Owner currently only utilizes signage with a website
- Low monthly operational expenses
- Strategically located off US Highway 70 with strong visibility
- Lake Halford nearby featuring 1,000 acres of recreational activities driving demand
- Serves broad customer base including boaters, RV travelers, homeowners, contractors, and small businesses
- Property has no deferred maintenance
- Next property tax reassessment: 2030
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
