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629 S Sycamore St,, Elizabethton, TN, 37643

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Universal Storage Solutions
$4,050,000

Key Information

Cap Rate
6.25%
Tot. SF
50,040
Units
351
Type
Self Storage
Occupancy
92%
NOI
$252,914

Highlights

Investment Highlights

•  Very strong demand in this trade area. Historical occupancy in the 90%+ range

•  Current Unit and Square Foot Occupancy both over 92%

•  Attractive immediate yield with upside still remaining

•  Large enclosed parking spaces that stay full year round given the fact these are very rare for this area

•  Ability to push existing customer rate increases quickly

•  Over $15k+ in tenant insurance NOI still left to take advantage of

Photos

Location

Agents

Broker of Record

Hutt Cooke

License # 263667 (TN)
Matthews
1600 West End, Ste. 1500 Nashville, TN 37203