68 Storage Units with Real Upside
$550,000
2821 Highway 43 South, Leoma, TN 38468
7.22
Cap Rate
39,683
NOI
Details:
Highlights:
- Newer facility built in 2022
- Only $47 PSF!
- Fully automated operations, easy to manage
- Vacancy lease-up potential of $1,243/Mo; $14,916 Annum
- Excellent unit mix within metal buildings
- Secure Key Pad Entry with Video
- Highway 43 Frontage, Visibility, and Access
Description:
Built in 2022, AZ Self-Storage is a gated facility with Highway frontage comprised of 68 total units (non-climate controlled), metal constructed, with an excellent highly desirable unit mix. The property has key pad controlled entry, security cameras, managed with full automation and minimal operational expenses. The facility utilizes a Storage specific software company that handles the rent collections, marketing, leasing, phone calls, codes, evictions, and auctions.
AZ Storage Leoma, is currently at 76% occupancy leaving upside of an additional $1,243 per month ($14,916 annually) in rental upside.
This is great opportunity for either an investor looking to get out of residential/multifamily into the highly desirable Self-Storage space at a really reasonable price of $47 PSF. The facility is mostly passive with automated software management, low maintenance, and a field rep if to handle landscaping, lock overs, or repairs.
Located along a primary transportation corridor, the property serves residential, agricultural, and commercial users seeking secure storage solutions.
2821 Highway 43 South is located in Leoma, Tennessee, within Lawrence County, a growing regional market in southern Middle Tennessee. The property enjoys frontage along Highway 43, one of the area's primary north-south transportation corridors connecting Leoma, Lawrenceburg, and surrounding communities.
The facility serves a broad customer base including homeowners, renters, agricultural operators, contractors, and local businesses. The surrounding area benefits from a diverse employment base including manufacturing, healthcare, transportation, warehousing, retail, and agriculture. The property's central location and accessibility position it well to capture storage demand from both residential and commercial users throughout the region.
Documents:
| Title | ||
|---|---|---|
| Offering Memorandum | ||
| rendering.html |
Location
Gallery
