Self-Storage Facility
Store Safe TN
908 N Roan St, Johnson City, TN 37601
Listing Price: $1,395,000
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale Store Safe TN located at 908 North Roan Street Johnson City, Tennessee 37601. Strategically located at the economic center of Washington County, this facility provides a comprehensive range of storage solutions for both residential and commercial users.
Store Safe TN features a total of 118 units comprising of Climate-Controlled, Office / Flex, and Drive-up with a total of 12,027 Net Rentable Square Feet. With the exception of six drive-up units, the facility is fully gated & fenced utilizing modern OpenTech keypads. The sites asphalt drive aisles allow for a clean user experience and includes additional safety features with security cameras throughout. The rental office provides a large, fully functional work space for the owner or could be rented to a commercial tenant. With ample potential, the facility features ~2,800 square feet of occupancy gains, perfect for residential or commercial users living and working in the thriving Johnson City area. The economic income upside of ~$40,000 annually is tangible. Store Safe TN is located across from Northside elementary school and benefits from an average daily traffic count of nearly 8,500 vehicles. With over 52,000 residents in a three-mile radius, the location enjoys low marketing costs due to the high visibility and dense population.
Johnson City, TN is the economic powerhouse of the Tri-Cities region of the Appalachian Mountains in northeastern Tennessee. Located 1.4 miles from East Tennessee State University (ETSU) and nearby the Holston Business and Technology Park, and the U.S. Army National Guard Recruiting Center, this prime location enables the investor to cater to a broad range of long-term, commercial and traditional consumer needs. This inherent flexibility lowers the risk of supply/demand shocks and enhances the property's versatility and income potential.
Priced at $1,395,000, the seasoned investor can attain a double-digit cash return after minimal enhancements.
Store Safe TN
Investment Highlights
- Stable Income with Upside Potential Featuring Climate-Controlled, Flex and Drive-Up Units
- Strategically Located on North Roan Street (8,500 VPD) in the Heart of Johnson City
- 52,221 Residents within Three-Mile Radius with ~2.5% Growth Over the Last Four Years
- Additional Income Opportunity Through Physical and Economic Occupancy Gains
- Management Upside with Minimal Administrative Fees and Only 10% Tenants Insurance Penetration
Exclusively Listed By
Listing Price: $1,395,000
Investment Highlights
- Stable Income with Upside Potential Featuring Climate-Controlled, Flex and Drive-Up Units
- Strategically Located on North Roan Street (8,500 VPD) in the Heart of Johnson City
- 52,221 Residents within Three-Mile Radius with ~2.5% Growth Over the Last Four Years
- Additional Income Opportunity Through Physical and Economic Occupancy Gains
- Management Upside with Minimal Administrative Fees and Only 10% Tenants Insurance Penetration
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale Store Safe TN located at 908 North Roan Street Johnson City, Tennessee 37601. Strategically located at the economic center of Washington County, this facility provides a comprehensive range of storage solutions for both residential and commercial users. Store Safe TN features a total of 118 units comprising of Climate-Controlled, Office / Flex, and Drive-up with a total of 12,027 Net Rentable Square Feet. With the exception of six drive-up units, the facility is fully gated & fenced utilizing modern OpenTech keypads. The sites asphalt drive aisles allow for a clean user experience and includes additional safety features with security cameras throughout. The rental office provides a large, fully functional work space for the owner or could be rented to a commercial tenant. With ample potential, the facility features ~2,800 square feet of occupancy gains, perfect for residential or commercial users living and working in the thriving Johnson City area. The economic income upside of ~$40,000 annually is tangible. Store Safe TN is located across from Northside elementary school and benefits from an average daily traffic count of nearly 8,500 vehicles. With over 52,000 residents in a three-mile radius, the location enjoys low marketing costs due to the high visibility and dense population. Johnson City, TN is the economic powerhouse of the Tri-Cities region of the Appalachian Mountains in northeastern Tennessee. Located 1.4 miles from East Tennessee State University (ETSU) and nearby the Holston Business and Technology Park, and the U.S. Army National Guard Recruiting Center, this prime location enables the investor to cater to a broad range of long-term, commercial and traditional consumer needs. This inherent flexibility lowers the risk of supply/demand shocks and enhances the property's versatility and income potential. Priced at $1,395,000, the seasoned investor can attain a double-digit cash return after minimal enhancements.
Exclusively Listed By
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