List Search

2784 Morningside Dr
Morristown, TN 37814

$799,000 USD

Self Storage For Sale  •  25,714 SF

Property Details

  • Property Type Self Storage
  • Total Building Size 25,714 SF
  • Lot Size 1.61 AC
  • Building Class C
  • Year Built 2020
0 Transit Score
43 Walk Score

Highlights

Year 5 stabilized Cap Rate exceeds double digits at an impressive of 13.70%
114 Units | 7,808 Gross Rentable SF | 25,714 Gross Rentable SF (includes parking) | Diversified unit mix & air-conditioned units available
Situated on ±1.61 acres in Tennessee’s Hamblen County | The site is secured with perimeter fencing and gated entry for enhanced safety and the ability
Newly opened facility in initial leasing phase | Ribbon cutting with Chamber of Commerce August 2024
Upside available by stabilizing the occupancy, expansion of relocatable unit business, new onsite development, and ongoing rental rate adjustments
Facility is fully fenced & gated with 24/7 access, equipped with camera surveillance & keypad entry | Keypad is Internet-based, which is vital to mana
Christopher Travis 407-924-1408 Ripco Real Estate
Christopher Travis 407-924-1408 Ripco Real Estate