Storage Investment Opportunity

1716 Royal Drive

Maryville, Tennessee 37801

PRICE: $1,700,000GSF: 15,000
CAP RATE: 7.1%LOT SIZE: 1.6 AC
NOI: $120,405UNITS: 114
PROPERTY TYPE: StorageYEAR 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.