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Storage Park Cleveland Portfolio
Cleveland, TN

$3,880,000 USD

Specialty For Sale  •  46,750 SF

2 Properties View all

Property Details

  • Property Type Specialty
  • Cap Rate 6.65 %
20 Walk Score

Highlights

Clear opportunity to improve economic occupancy and drive rental rates
147 single-family homes either completed or in development directly behind the Freewill facility. Plans to nearly double that number in the future
High projected returns, with projected 5-year levered IRR at 24%
Strong residential development momentum within the city with multiple new subdivisions underway, including the Hardwick Farm master-planned community
Cleveland, TN is anchored by Whirlpool Corporation (1,535 employees), Amazon (1,100+ jobs), and Bradley Medical Center (~1,000 employees)
Cap Rate: 6.65 %

Public Transportation

AirportDriveWalkDistance
Lovell Field 43 min - 29.8 mi
Hunter Reynolds 404-380-1196 Matthews Real Estate Investment Services
Hunter Reynolds 404-380-1196 Matthews Real Estate Investment Services