Cap Rate
6.87%
$ per SF
$93
1510 Tennessee Ave, 1680 Tennessee 30, 2437 US-411, Etowah, Athens, TN, 37331
Etowah & Athens, TN Storage Portfolio$4,200,000
Key Information
Tot. SF
44,756
Lot Size
12.29 Acres
Units
365
Year Built
2022
Type
Self Storage
NOI
$288,344
Highlights
- Very strong performance from the facilities with unit and square footage occupancy both currently at 96%
- Extremely high occupancy despite no money spent on advertising currently
- All three sites within 15 minutes of each other totaling 44,756 NRSF
- Benefiting from DENSO Manufacturing in Athens — recent $100 million expansion adding 200 jobs, one of the largest employers in McMinn County
- Starr Haven subdivision in Etowah just approved for 159 single-family homes to be developed
Photos
Location
Agents
A
Austin McLeodLicense # 394903 (GA)
H
Hunter ReynoldsLicense # 414787 (GA)
Broker of Record
Hutt Cooke
License # 263667, 356505 (TN)Matthews Real Estate Investment Services, Inc 1600 West End Ave, Ste. 1500 Nashville, TN 37203