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Downtown Cleveland, TN Storage Portfolio
Cleveland, TN Downtown Cleveland

$970,000 USD

Specialty For Sale  •  26,058 SF

2 Properties View all

Property Details

• Property Type Specialty
• Cap Rate 7.00 %

50 Walk Score

Highlights

Strong performing assets at 98% unit occupancy and 90% economic occupancy, displaying a healthy demand for storage in the area

Favorable basis considering the portion of climate-controlled units

Going-in cap rate of 7.00% based on T-12 NOI with upside still remaining

Population is expected to grow 1.10% annual within 3 and 5 miles for the next 5 years

Cap Rate:

7.00 %

Public Transportation

Airport	Drive	Walk	Distance
Lovell Field	35 min	-	25.1 mi