Operations & Market // The facility maintains 94% occupancy by area, the highest in the portfolio. Maryville has experienced approximately 40% population growth since 2000, while Blount County’s restrictive approval environment limits new self-storage supply, supporting long-term pricing power. Achieved rents currently exceed gross potential, leaving room for continued street-rate growth.
Diversified Income // The facility has a single long-term retail tenant whose business has been booming in alignment with the population growth. Additionally, the single large climate building, with another long-term tenant who is well established in the music business, has recently received a 10% rent increase with zero pushback. The primary retail tenant pays for most of the facility utilities.
Capital Expenditures & Improvements // Recent upgrades include a modernized PDK gate controller with ground-loop exit, mostly LED lighting throughout, and six Hikvision POE cameras routed to an internet-enabled NVR. Additional improvements include a new mini-split HVAC system in the office and a new water heater in 2025. All HVAC systems have been upgraded within the last few years and the facility is fully set up for remote management with no deferred maintenance
Andrew Beeckman
EquiCap Commercial in Association with ParaSell
