Self-Storage Facility featuring 169 units

Highlights:

• Built in 2023 with a high demand unit mix.for only $57 PSF!
• Drive up, Ground level storage units.
• Rental upside with rent bumps and occupancy.
• Fully automated for tenants to rent and ownership to operate.
• Fenced with video surveillance and 24 hour access.
• Easy to rent and pay online.
• Located in a centralized high demand hub market with nearby attractions.

Description:

Recently built in 2023, AZ Self-Storage, is a 33,200 SF secured access facility featuring a fenced 3.35 acres comprised of 169 drive up, ground level units with a desirable unit mix which includes covered RV/Boat Storage. Offered at only $57 PSF, this facility is privately owned yet is operates as if it were institutionally managed.

AZ Storage historically operates at 85% occupancy providing solid cash-flow while still leaving upside of +$9,600 in annual rent bumps on existing lower rents plus higher tenant insurance sales revenue. Furthermore, there are other facilities in close proximity operating at 93-100% occupancy meaning that there's additional potential for $13,225 annually. This equates to an achievable 7.8% proforma cap rate and potential for $300K-$350K in value growth potential.

Although the property is efficiently managed and operated, the owner pays a Field Rep $4,800 annually to complete overlocks along with site inspections to check on the property because the seller operates other businesses. This expense could be removed if a new buyer already has their own management.

This is a great low maintenance cash-flow opportunity that's fully automated and professionally managed.

Winchester is centrally located between 3 major employment hubs, 90 miles southeast of Nashville, 60 minutes to Chattanooga, and 45 minutes to Huntsville, AL.

Dinah Shore Boulevard is strategically located along one of Winchester’s primary commercial corridors, offering excellent visibility and direct access to steady daily traffic. Dinah Shore Blvd serves as a key route connecting local neighborhoods to the downtown district, retail centers, and major thoroughfares.

The property benefits from its proximity to national and regional retailers, restaurants, and service providers, creating strong co-tenancy synergy and consistent consumer draw. Winchester, TN is a growing community within Franklin County, supported by a great local economy which converges with other larger cities such as Tullahoma and Manchester plus outdoor storage benefits from Tims Ford Lake a huge vacation attraction.

The strong consumer demographics have attracted major anchored retailers such as Super Walmart, Home Depot, Tractor Supply, and Food City (grocery anchor), amongst other daily essential needs amenities. Dinah Shore-Hwy 50 collects +22,000 ADT and the direct market boasts an average household median income of +$70K.

---

Report Listing This listing was syndicated through: