Exclusively Listed By:
EquiCap Commercial 

 DEAL SUMMARY

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List Price:   $1,350,000

NRSF:         16,964

Units:          151

Acres:         4.2

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INVESTMENT HIGHLIGHTS

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LOCATION // Mountain City is located at the northernmost peak of Tennessee, near the Virginia and North Carolina state lines. While the town is small and rural, it has growing appeal as both a retirement destination and an outdoor tourism hub, driven by its proximity to the Appalachian Mountains and Cherokee National Forest. This combination offers potential for long-term growth in the real estate market, especially for services that cater to retirees, tourists, and seasonal residents.

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EXPANSION HISTORY // In Spring 2023, the facility was expanded by adding 37 Boxwell units. Currently, the facility is 88% physically occupied and 74% economically occupied, showing strong leasing momentum. Situated on 4.2 acres, the property offers additional room for further expansion.

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OUTDOOR PARKING // The property includes 0.5 acres which can be utilized for outdoor parking, appealing to the RV owners, campers and outdoor enthusiasts in the area.

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VALUE ADD OPPORTUNITY // Opportunity to take the facility from 69% economically to stabilization, thereby increasing cash flow and yield. Additionally, the underutilized vehicle parking space could be maximized with the potential to add U-Haul trucks.

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INVESTMENT SUMMARY

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Equicap Commercial is pleased to offer for sale Copper Safe Storage, located at 5361 Highway 67 W, Mountain City, Tennessee. Copper Safe Storage offers 140 non-climate controlled units and 11 boat & RV parking spaces within 16,964 rentable square foot. Amenities at the facility include gravel drives, security cameras and a security gate that opens and closes each day controlled by a timer. There is a rental trailer located on the adjacent 0.5 acre residential lot generates an additional $350 per month.

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In Spring 2023, Copper Safe Storage underwent expansion with the addition of Boxwell units, introducing 28 8x10 units and 10 18x10 units. The facility is currently 88% physically occupied and 74% economically occupied. As the new units have leased up, the owner has begun adjusting both existing customer rates and street rates, with further potential for revenue growth. The property sits on 4.2 acres, offering additional room for future expansion.

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Offered at $1,350,000 ($79.58 per square foot), this investment provides an in-place 6.26% cap rate. With continued leasing of the vacant units and effective rate management, this value-add opportunity is projected to stabilize at an 8.63% cap rate, offering a 9.34% leveraged cash-on-cash return.​