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1529 Highway 11E - 11 E Storage

30,000 SF Specialty Building Offered at $5,000,000 at a 6.97% Cap Rate in New Market, TN 37820

Investment Highlights

  • High visibility, 95% occupancy, easy remotely managed, new units added in 2023 and 2024, low expenses

Executive Summary

Low operating expenses, Site Link, Security cameras installed, room to expand, new units added in 2023 and 2024

Data Room Click Here to Access

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $5,000,000
Price Per SF $167
Sale Type Investment
Cap Rate 6.97%
Property Type Specialty
Property Subtype Self-Storage
Building Class C
Lot Size 5.00 AC
Building Size 30,000 SF
No. Stories 1
Year Built/Renovated 2001/2022

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
032-043.01
Land Assessment
$0 (2023)
Improvements Assessment
$0 (2023)
Total Assessment
$293,960 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
  • Listing ID: 27636960

  • Date on Market: 1/31/2023

  • Last Updated:

  • Address: 1529 Highway 11E, New Market, TN 37820

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