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3010 Roane State hwy
Harriman, TN 37748
Creekside Storage - Midtown Harriman · Specialty Property For Sale
·
14,925 SF
Investment Highlights
- Location & Market // The facility boasts excellent visibility located directly off Roane State Hwy with traffic counts of 10,690 VPD
- Capital Expenditures & Improvements // This property has received substantial capital investment within the last three years. New roof, new paint, etc
- Operations & Security // The facility is highly occupied with above average rates and PDK access controller, LED lighting and Hikvision cameras
Executive Summary
Property Facts
| Sale Type | Investment or Owner User | Lot Size | 1.13 AC |
| Cap Rate | 7.52% | Building Size | 14,925 SF |
| Sale Condition | Business Value Included | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2000 |
| Property Subtype | Self-Storage | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | Commercial | ||
| Sale Type | Investment or Owner User |
| Cap Rate | 7.52% |
| Sale Condition | Business Value Included |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 1.13 AC |
| Building Size | 14,925 SF |
| No. Stories | 1 |
| Year Built | 2000 |
| Opportunity Zone |
Yes |
| Zoning | Commercial |
Amenities
- Controlled Access
- Signage
About 3010 ROANE STATE HWY , HARRIMAN, TN 37748
Creekside Storage in the Midtown area of Harriman presents an amazing opportunity to acquire a well maintained self-storage facility just outside Knoxville’s institutional core, benefiting from the MSA population growth and rental pricing strength without competing directly against REIT-heavy assets. This secondary market rents are more stable than urban core and allow for continued rent growth and occupancy stability where national operators have limited penetration. Demand is supported by manufacturing healthcare, education and research and tourism & second-home ownership. This diversified economic base provides defensive cash flow across economic cycles and with excellent Google rankings that transfer with the sale, investors will be able to take advantage the online presence on Day 1. Harriman continues to benefit from strong net in-migration, household formation, downsizing, and commuter relocation as housing costs rise closer to Knoxville. These life-event drivers consistently feed self-storage demand across all submarkets keeping occupancies traditionally very strong. This smaller-format facility serves the local areas and is gated and fenced with controlled access, lighting and camera systems. This enables the operator to maintain control of the facility that supports operational control. Cubby software transition will include all tenant payment methods, autopays, and system data allowing for a turnkey transition.
Property Taxes
| Parcel Number | 057-026.00 | Improvements Assessment | $193,849 CAD |
| Land Assessment | $121,905 CAD | Total Assessment | $315,755 CAD |
Property Taxes
