4 LOCATION - MULTI-PROPERTY
STORAGE UNIT BUSINESS
COMMERCIAL ONLINE AUCTION
Begins Monday, November 9th 10:00AM
Starts ending November 16th 2:00PM
ATTENTION BIDDERS:
IMPORTANT MARKETING & FINANCING INFO
LISTED IN THE DOCUMENT SECTION OF THE SALE
(RENT ROLLS AND ACTUAL FINANCIALS
ARE AVAILABLE UPON REQUEST)
Four turnkey self-storage properties with stabilized occupancy can be purchased. Upside potential is available by adding units at three of the properties and from rent increases at all four. Additional income can be realized by adding tenant insurance. All facilities are in good condition with all storage units and other equipment operating correctly. Regular maintenance has been performed and repairs have been made as needed. Every unit is maintained/repaired each time a customer moves out. All sites are set up to operate remotely to minimize management effort. Customer service is provided almost entirely using text messages, emails, and phone calls. Customers rent units online and move into their units without manager involvement. Find more information on marketing, income projections, help with financing and surveys in the documents above. And feel free to call our auctioneers anytime, we are happy to provide you rent rolls and actual financials for the businesses and answer any questions.
Property 1: KnoxUnion Storage - County Line
211 Maynardville Highway
Maynardville, TN 37807
*Busy location- 13,000 vehicles per day
*2.15 acres
*Rentable space: 19300 square feet
*168 total number of units
*Average occupancy: 98%
*47 new units completed in April, 2020 includes:
11 climate controlled units, 3 units in boat/ RV garage (1200 sqft), and 33 standard units (4,800 sqft)
*Fully fenced w/ automated smart gate
*14 camera surveillance system
*Nighttime security lighting
*Operating expense ratio: 15% excluding mgmnt
*Net Operating Income $117,300
*$2,000 monthly upside by increasing existing customers rent to current price list!
Property 2: KnoxUnion Storage - Halls Crossroads
6823 Tice Lane
Knoxville, TN 37918
* Rentable space 7800 square feet
* 45 storage units & 1 office (rented)
* 6 uncovered storage parking spaces
*.75 acres
* 99% occupancy average
* Fully fenced manual gates
* Nighttime security lighting
* Monthly gross income: $5150
* Operating expense ratio: 15% excluding mgmnt
*Net Operating Income: $52,033
Property 3: KnoxUnion Storage - Luttrell
208 Tazewell Pike
Luttrell, TN 37779
* Busy highway location!
* Approx. 2400 vehicles per day
* Room for more development!
* 1.38 Acres
* 5,010 rentable space
* 99% average occupancy
* 49 units
* $2350.00 monthly gross income
* $24,800 Net Operating Income (12 months)
Property 4: Athens Mini Storage
104 Benton Rd
Athens, TN 37303
* Only 1.4 miles from downtown Athens, TN
* Room for more development!
* Newer facility, established June 2019
* Situated on .57 acre lot
* 2800 square feet of rentable space!
* 32 total units
* 96% stabilized occupancy past 7 months!
* Fully fenced with manual sliding gate
* Night security lighting
* $1653 per month stabilized income
* 25% operating expense excluding mgmnt
* $14,877.00 Net Operating Income
