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Downtown Cleveland, TN Storage Portfolio 2 biens • Spécialité • À vendre 1 326 960 $ CAD • Cleveland, TN
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Faits saillants de l'investissement
- Strong performing assets at 98% unit occupancy and 90% economic occupancy, displaying a healthy demand for storage in the area
- Going-in cap rate of 7.00% based on T-12 NOI with upside still remaining
- Favorable basis considering the portion of climate-controlled units
- Population is expected to grow 1.10% annual within 3 and 5 miles for the next 5 years
Résumé de l'annonce
This offering presents a two-location self-storage portfolio in Cleveland, Tennessee, strategically positioned to serve both downtown and suburban demand. Spanning a combined 13,029 square feet across 83 units, the portfolio maintains an impressive 98% physical occupancy and 90% economic occupancy, highlighting robust market demand. A portion of climate-controlled units provides an attractive amenity mix for customers and strong competitive positioning within the submarket.
With a going-in cap rate of 7.00% based on trailing-12-month NOI, this portfolio delivers an exceptional opportunity for investors seeking immediate income and future upside potential. Cleveland’s population is projected to grow approximately 1.10% annually within a 3-to-5-mile radius over the next five years, sustaining long-term demand for storage solutions. Conveniently accessible from major thoroughfares, these properties serve a growing residential and commercial base. This offering combines stabilized operations with value-add potential, making it an attractive acquisition for regional and national storage investors alike.
Name
Hutt Cooke
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # 263667, 356505 (TN)
Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Phone
(866) 889-0550
With a going-in cap rate of 7.00% based on trailing-12-month NOI, this portfolio delivers an exceptional opportunity for investors seeking immediate income and future upside potential. Cleveland’s population is projected to grow approximately 1.10% annually within a 3-to-5-mile radius over the next five years, sustaining long-term demand for storage solutions. Conveniently accessible from major thoroughfares, these properties serve a growing residential and commercial base. This offering combines stabilized operations with value-add potential, making it an attractive acquisition for regional and national storage investors alike.
Name
Hutt Cooke
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # 263667, 356505 (TN)
Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Phone
(866) 889-0550
Faits sur la propriété
| Prix | 1 326 960 $ CAD | Nombre de propriétés | 2 |
| Prix/pi² | 50,92 $ CAD / pi² | Individuellement en vente | 0 |
| Taux de capitalisation | 7% | Taille totale du bâtiment | 26 058 pi² |
| Type de vente | Investissement | Superficie totale du terrain | 0,75 AC |
| Statut | Actif |
| Prix | 1 326 960 $ CAD |
| Prix/pi² | 50,92 $ CAD / pi² |
| Taux de capitalisation | 7% |
| Type de vente | Investissement |
| Statut | Actif |
| Nombre de propriétés | 2 |
| Individuellement en vente | 0 |
| Taille totale du bâtiment | 26 058 pi² |
| Superficie totale du terrain | 0,75 AC |
Propriétés
| Nom de la propriété/adresse | Type de propriété | Taille | Année de construction | Prix individuel |
|---|---|---|---|---|
| 233 2nd St NE, Cleveland, TN 37311 | Spécialité | 13 029 pi² | 1999 | - |
| 2365 Georgetown NW rd, Cleveland, TN 37311 | Spécialité | 13 029 pi² | 1999 | - |
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Présenté par
Downtown Cleveland, TN Storage Portfolio
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