Great storage deal and a vacation home/ Airbnb combo…..and it’s ready to move. Perfect for an investor looking for below-market pricing and big potential upside. Here are the bullet points:
📍 Location: Western TN – Only facility in town!
📦 Size: 61 units + 900 SF apartment & garage
📐 NRSF: 6,000 SF on ±1.65 acres
📈 Occupancy: 72% (+ Apartment rented)
🛠️ Expansion Potential: Room to 2-3x current footprint
💵 Price: $374,000
📊 As Is Cap Rate: 8%
📉 Below Market Rents: $0.64/SF vs. comps at $0.82/SF
✅ Bright lighting & security
💲Low Property Taxes
Email me for the info package. For those of you that don’t know, we currently own four self storage facilities and manage them all remotely. Some of them we haven’t even been to in well over a year. This would be great for that model. You could also have it as a vacation getaway and write off your entire trip as you go to visit your property or even find somebody to rent out the apartment and help to be your boots on the ground for the facility. Lots of options with a low barrier entry to get into self storage.
As with all our properties, please contact me to directly with any questions. Do not contact the Owners of record on any of our properties.