123 Pope Rd - Specialty FOR SALE


Morristown, TN 37813
$995,000 USD
865-659-9638
123 Pope Rd, Morristown, TN for Sale
$995,000 USD
Specialty - FOR SALE
1/8
null | 7.82% Cap Rate

123 Pope Rd
Morristown, TN 37813


HIGHLIGHTS

  • New and stabilized climate control units.
  • Occupancy is 98% to 100% with room for a rent increase.
  • The facility has 67 (10x10) units but the owner has converted 6 units into (10x20).
  • Minutes from Walters State Community College, College Square Mall, Industrial Park, and numerous apartment complexes.
  • Digital Video Surveillance
  • Online Bill Pay with recurring billing,

OVERVIEW

1-year-old climate control storage.Excellent location with room to increase rates!

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$104 USD /SF

CAP RATE

7.82%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

College Square Storage

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Self Storage

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

C

APN/PARCEL ID

032025M K 00102

ASK ABOUT THIS PROPERTY

Wendy DavisMarcus & MillichapMore Info
865-659-9638

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Wendy DavisMarcus & MillichapMore Info
865-659-9638

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.