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629 Sycamore st
Elizabethton, TN 37643

$4,050,000 USD

Self Storage For Sale  •  50,040 SF

Property Details

• Property Type Self Storage
• Total Building Size 50,040 SF
• Lot Size 2.8 AC
• Building Class C
• Year Built 2000
• Cap Rate 6.25 %

0 Transit Score

55 Walk Score

Highlights

Very strong demand in this trade area. Historical occupancy in the 90%+ range

Current Unit and Square Foot Occupancy both over 92%

Attractive immediate yield with upside still remaining

Large enclosed parking spaces that stay full year round given the fact these are very rare for this area

Ability to push existing customer rate increases quickly

Over $15k+ in tenant insurance NOI still left to take advantage of

Cap Rate:

6.25 %

Amenities

• Controlled Access

Public Transportation

Airport	Drive	Walk	Distance
Tri-Cities	35 min	-	24.7 mi