SOLD! Storage Investment Opportunity
1716 Royal Drive
Maryville, Tennessee 37801
PRICE: $1700000 | GSF: 15000 |
CAP RATE: 7.1% | LOT SIZE: 1.6 AC |
NOI: $120405 | UNITS: 114 |
PROPERTY TYPE: Storage | YEAR BUILT: 1977 |
OCCUPANCY: 96% | STATUS: Available |
DETAILS:
Red Shark Storage is centrally located in Maryville which is 20 minutes south of Knoxville, TN. This property is surrounded by large commercial retailers and neighboring residential subdivisions. This facility has been updated in early 2022, it is currently 96% occupied and has a very strong operating history. Red Shark Storage has an online management system and is fully fenced. The town of Maryville has recently seen tremendous growth and development, and Blount county, in particular, has a steady growth rate of over 1.3% per year with a current population of 138,350.