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3917 Michigan Avenue Rd NE
Cleveland, TN 37323

Price Upon Request

Industrial For Sale  •  116,831 SF

Property Details

  • Property Type Industrial
  • Total Building Size 116,831 SF
  • Lot Size 21.26 AC
  • Building Class C
  • Year Built 1974
  • Zoning C
20 Walk Score

Highlights

Portfolio-wide occupancy over 93% across 907 units and ±116,831 net rentable SF
Opportunity to purchase the portfolio at an attractive basis considering the amount of climate-controlled units
Fully stabilized portfolio despite spending little to no money on advertising
Opportunity to improve economic occupancy and drive rental rates
Dayton location is the only climate-controlled facility within 22 miles of that market staying economically and physically full over 89%
Very attractive returns projected, with 5-year levered IRR at 21%

Public Transportation

AirportDriveWalkDistance
Lovell Field 43 min - 29.8 mi
Austin McLeod 678-576-1780 Matthews Real Estate Investment Services
Austin McLeod 678-576-1780 Matthews Real Estate Investment Services