Cap Rate
6.16%
$ per SF
$163
5595 N Lee Hwy, Cleveland, TN, 37312
Boundless Storage
$5,500,000
Key Information
Units
217
Year Built
2020
Type
Self Storage
Occupancy
96%
NOI
$338,937
NRSF
33,675 SF
Highlights
• Class A 100% Climate Facility
• Stabilized 96% occupancy
• 30,375 NRSF, 207 units + 10 parking spots
• Moving company with long term lease on 2,300 SF Office Building and 1,000 SF shed for $5,000/month
• 2,000+ homes being built within close proximity of facility
• Bi-level with no elevator
• 1st time owner/operator
• 2020 Construction
• 10,000+ vehicle a day traffic count
• Loading dock doors to facilitate access for box trucks
Photos
Location
Agents
C
Christian MatthewsLicense # 386190 (TN)
J
Jake PayneLicense # 000120351 – 0 (AL)
Broker of Record
Hutt Cooke
License # 356505, 263667 (TN)Matthews Real Estate Investment Services, Inc1600 West End Ave, Ste. 1500 Nashville, TN 37203