Self Storage For Sale • 12,488 SF
Creekside Storage in the Midtown area of Harriman presents an amazing opportunity to acquire a well maintained self-storage facility just outside Knoxville’s institutional core, benefiting from the MSA population growth and rental pricing strength without competing directly against REIT-heavy assets. This secondary market rents are more stable than urban core and allow for continued rent growth and occupancy stability where national operators have limited penetration. Demand is supported by manufacturing healthcare, education and research and tourism & second-home ownership. This diversified economic base provides defensive cash flow across economic cycles and with excellent Google rankings that transfer with the sale, investors will be able to take advantage the online presence on Day 1. Harriman continues to benefit from strong net in-migration, household formation, downsizing, and commuter relocation as housing costs rise closer to Knoxville. These life-event drivers consistently feed self-storage demand across all submarkets keeping occupancies traditionally very strong. This smaller-format facility serves the local areas and is gated and fenced with controlled access, lighting and camera systems. This enables the operator to maintain control of the facility that supports operational control. Cubby software transition will include all tenant payment methods, autopays, and system data allowing for a turnkey transition.
| Location & Market // The facility boasts excellent visibility located directly off Roane State Hwy with traffic counts of 10,690 VPD |
| Operations & Security // The facility is highly occupied with above average rates and PDK access controller, LED lighting and Hikvision cameras |
| Capital Expenditures & Improvements // This property has received substantial capital investment within the last three years. New roof, new paint, etc |