DEAL SUMMARY

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List Price:   $1,900,000

NRSF:         14,925

Units:          120

Acres:          1.13

In-Place Cap Rate: 7.52%

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INVESTMENT HIGHLIGHTS

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LOCATION & MARKET //  The facility boasts excellent visibility located directly off Roane State Hwy with traffic counts that range from 9,777 to 10,690 VPD. The area is poised for growth; Roane County has approved future expansion of Roane State Hwy from two lanes to four lanes, enhancing long-term exposure and visibility.

OPERATIONS & SECURITY //  The facility has sustained high occupancy for years, supported by strong local demand and above average rates within the portfolio. The facility is controlled via a PDK access controller with LiftMaster motor and closed-loop exit. Lighting has been upgraded to LED across pole lights and most wall packs throughout. Surveillance includes a 13-camera Hikvision system with on-site NVR and internet connectivity, allowing for full remote monitoring.

CAPITAL EXPENDITURES  & IMPROVEMENTS //  This property has received substantial capital investment within the last three years. Beyond the new LED lighting, high-tech cameras and PDK access control, the facility has received a new roof as of three years ago, freshly painted buildings, and new billboards.