Exclusively Listed By:
EquiCap Commercial 

DEAL SUMMARY

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List Price:  $420,000

NRSF:        6,770

Units:         72 

Acres:        0.48

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INVESTMENT HIGHLIGHTS

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ACTIVE YIELDS // The facility has undergone

extensive renovations and is now fully operational as a

turnkey investment. Tenant insurance was implemented

in July 2024, along with an increase in customer rates. A

new owner can step in and achieve an 8.1% cap rate in

the first year.

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TURNKEY OPERATIONS // The facility is managed remotely by the current owner, utilizing a user-friendly

website and DaVinci locks to provide customers with an

easy rental experience. Local labor is employed for

cleaning units, performing lock checks, and other

maintenance tasks.

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RECENTLY RENOVATED // Since its acquisition in 2022,

the property has seen significant improvements,

including new gravel, exterior painting, an upgraded

water drainage system, replacement of door springs or

doors where needed, and the installation of new lighting

and a camera system.

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MARKET DEMOGRAPHICS // Located in Martin, TN,

home to the University of Tennessee at Martin, the

facility benefits from a surrounding population of 12,046

within a 3-mile radius and 14,142 within a 5-mile radius.

The average household income in the area is $69,100,

with approximately 50% of housing units being renter-

occupied.

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INVESTMENT SUMMARY

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We are pleased to present 731 Self Storage for your consideration. The property was acquired by the current owner in 2022 in major distress. Since the acquisition, the owner has completely renovated the facility by laying new gravel, painting the buildings, replacing all door springs or doors, as needed, and adding new lighting and camera system.

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The facility boasts a physical occupancy rate of 97%, demonstrating strong demand in the area. The facility is

located “in town” and benefits from a surrounding population of 12,046 within a 3-mile radius and 14,142 within a 5-mile radius. The average household income in the area is $69,100, with approximately 50% of housing units being renter-occupied, indicating a stable and diverse customer base.

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Priced at $420,000, or $62.04 per rentable square foot, this self-storage facility presents an excellent investment

opportunity. A new owner can continue the turnkey operations and capitalize on the current high occupancy rate to achieve an 8.1% cap rate in the first year. With its recent upgrades and strategic location, this property is well-positioned for sustained success and growth.

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