Cap Rate
7%
$ per SF
$74
Tot. SF
13,029
233 & 2365 2nd St NE & Georgetown Rd NW, Cleveland, TN, 37311
Downtown Cleveland, TN Storage Portfolio$970,000
Key Information
Lot Size
0.74 Acres
Units
83
Year Built
1999
Type
Self Storage
Occupancy
98%
NOI
$67,441
Highlights
- Strong performing assets at 98% unit occupancy and 90% economic occupancy, displaying a healthy demand for storage in the area
- Favorable basis considering the portion of climate-controlled units
- Going-in cap rate of 7.00% based on T-12 NOI with upside still remaining
- Population is expected to grow 1.10% annual within 3 and 5 miles for the next 5 years
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