Big Stuff Storage | 47 Units 50 Voss Ln Immeuble | 2 445 m² | Spécialité | À vendre 1 222 327 € | Taux de capitalisation 7,50 % | Huntingdon, TN 38344

Built in 2021, Big Stuff Storage is a secured access 26,320 SF RV, Boat, and Equipment storage facility comprised of 47 (non-climate controlled) spacious units in Huntingdon, TN. There are two metal constructed buildings with wide drive isles, plus each unit boasts a spacious 14 x 40 (560 SF/Unit) with lighting plus electrical outlets, and high clear heights.
The property features secure controlled key pad gate entry, a full perimeter fence with lighting for added security.
The value-add play to increase revenues is by allocating marketing dollars for maximum exposure since the owner currently only utilizes signage with a website. There's $3,400 per month or $40,846 in upside revenue based on loss-to-vacancy. The current in-place trailing Net Operating Income (NOI) is $69,090, although the stabilized NOI is projected at $109,026 equating to a 7.5% cap rate. The property has no deferred maintenance only requiring increased marketing expense and exposure.
An investor will benefit from increasing the revenue along with enjoying the really low monthly operational expenses while maintaining an 80-85% historical occupancy.