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200 Sula T Nickell Rd
Centerville, TN 37033
Barber's Self Storage · Specialty Property For Sale · 58,020 SF
PROPERTY FACTS
| Property Type | Specialty | Building Size | 58,020 SF |
| Property Subtype | Self-Storage | No. Stories | 1 |
| Building Class | C | Year Built/Renovated | 1987/2006 |
| Lot Size | 4.67 AC |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 4.67 AC |
| Building Size | 58,020 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1987/2006 |
About 200 Sula T Nickell Rd , Centerville, TN 37033
Marcus & Millichap is pleased to present Barber Storage in Centerville, Tennessee. Barber Storage is a 57,169 rentable square foot self storage facility made up of 498 non climate self storage units on 5 acres. The facility is located on Sula T Nickell Street approximately one hour from Nashville in a qualified opportunity zone . Priced at $1,050,000, or $18 per rentable square foot, this opportunity represents a cash flowing asset with tremendous short and long term upside. As of July 2019, this property is operating at 48.5% economic occupancy despite being 82% occupied by square footage. The physical occupancy is evidence that the demand exists for storage at this location, and with improved rate and expense management a new owner could turn this 7% CAP rate based on annualized 2019 income into an 15% pro forma CAP rate . In short, this facility offers a current cash flowing asset with meaningful short and long term upside within an hour of Nashville, TN.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $397,560 |
PROPERTY TAXES
zoning
| Zoning Code | C1 |
| C1 |
