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7330 Saint Clair Rd - A Plus M & M Self Storage 89,400 SF Specialty Building Offered at $10,230,500 CAD at a 3.73% Cap Rate in Whitesburg, TN 37891
INVESTMENT HIGHLIGHTS
- Recent expansion completed in 2023
- Limited Supply in the trade area – only 10.78 square feet per capita in a 3-mile radius, and 3.81 square feet per capita in a 5-mile radius, with no k
- Attractive Yields upon stabilization – projected returns north of 8.61% by Year 4 of ownership
- Opportunity to increase Physical and Economic Occupancy – Physical Occupancy is currently 50% and Economic Occupancy is 49%, presenting significant up
- Opportunity to increase rental rates upon stabilization – rents are currently 9% below surrounding competitors on average
EXECUTIVE SUMMARY
Broker of Record
Hutt Cooke
License # 263667 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Hutt Cooke
License # 263667 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
| Price | $10,230,500 CAD | Property Subtype | Self-Storage |
| Price Per SF | $114.44 CAD | Lot Size | 5.14 AC |
| Sale Type | Investment | Building Size | 89,400 SF |
| Cap Rate | 3.73% | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 2006/2023 |
| Zoning | A1 | ||
| Price | $10,230,500 CAD |
| Price Per SF | $114.44 CAD |
| Sale Type | Investment |
| Cap Rate | 3.73% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Lot Size | 5.14 AC |
| Building Size | 89,400 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2006/2023 |
| Zoning | A1 |
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7330 Saint Clair Rd - A Plus M & M Self Storage
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