2784 Morningside Dr - Self-Storage Facilities FOR SALE
Morristown, TN 37814 |
$799,000 USD
407-924-1408
2784 Morningside Dr
Morristown, TN 37814
HIGHLIGHTS
- Year 5 stabilized Cap Rate exceeds double digits at an impressive of 13.70%
- 114 Units | 7,808 Gross Rentable SF | 25,714 Gross Rentable SF (includes parking) | Diversified unit mix & air-conditioned units available
- Situated on ±1.61 acres in Tennessee’s Hamblen County | The site is secured with perimeter fencing and gated entry for enhanced safety and the ability
- Newly opened facility in initial leasing phase | Ribbon cutting with Chamber of Commerce August 2024
- Upside available by stabilizing the occupancy, expansion of relocatable unit business, new onsite development, and ongoing rental rate adjustments
- Facility is fully fenced & gated with 24/7 access, equipped with camera surveillance & keypad entry | Keypad is Internet-based, which is vital to mana
FOR SALE DETAILS
PRICE
$799,000 USD
PRICE/SF
$31 USD /SF
CAP RATE
7.98%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
StoragePUP of Morristown
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Self-Storage Facilities
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
2020
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.61 AC
LAND SF
70,132 SF
ZONING
-
APN/PARCEL ID
032034C G 00301
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407-924-1408
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407-924-1408
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