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1641 Downtown West Blvd - Smartstop Self Storage (Managed) 14,974 SF Specialty Building Offered at $5,998,930 CAD at a 6.50% Cap Rate in Knoxville, TN 37919
Investment Highlights
- Highly affluent population surrounding the facility with over $115k in average household incomes in a 5-mile radius
- Strong population growth projected at 2% in a 1-mile and 1.80% in a 3-mile and 5-mile radius
- Desirable West Knoxville sub-market, with ±25,990 VPD passing by the site
- $100k+ in revenue upside upon completion of roof work and getting 45 down-units back online
- 99% occupancy for the units that are online and available
- No self-storage developments planned within the 5-mile trade area (according to TractIQ)
Executive Summary
Broker of Record
Matthews Real Estate Investment Services, Inc
License No. 356505, 263667 (TN)
Hutt Cooke
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License No. 356505, 263667 (TN)
Hutt Cooke
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$389,206
|
$25.99
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $389,206 |
| Annual Per SF | $25.99 |
Property Facts
| Price | $5,998,930 CAD | Lot Size | 1.84 AC |
| Price Per SF | $153.61 CAD | Building Size | 39,054 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.50% | Year Built | 1984 |
| Property Type | Specialty | Parking Ratio | 0.31/1,000 SF |
| Property Subtype | Self-Storage | Cross Streets | Kingston Pike |
| Building Class | C |
| Price | $5,998,930 CAD |
| Price Per SF | $153.61 CAD |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 1.84 AC |
| Building Size | 39,054 SF |
| No. Stories | 1 |
| Year Built | 1984 |
| Parking Ratio | 0.31/1,000 SF |
| Cross Streets | Kingston Pike |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 120IB-00912 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $841,337 CAD |
Property Taxes
Parcel Number
120IB-00912
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$841,337 CAD
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1641 Downtown West Blvd - Smartstop Self Storage (Managed)
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