Two Creekside Storage
318 Boyd School Rd, Morristown, TN 37813
Two storage facilities with high occupancy and strong achieved rents.
Type:Self Storage
Property size:
29,533 SFPrice / SF:
$68/SF- Added:
- Mar 11, 2026
- Days on Market:
- 64
- Last Refresh:
- Mar 19 at 10:33 pm
Property Features for 318 Boyd School Rd
General Information
- Standard status
- Active
- Size
- 29,533 SF
- Property subtype
- Self Storage
Building Details
- Year Built
- 1990
Listing agent Anne Blackwell License #TN 255603
Listing office EquiCap Commercial, LLC, TN
Listing date Mar 11, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of EquiCap Commercial, LLC, TN
HighLights
- Competitive 7.71% in‑place cap rate with projected increase to 8.70% in Year 1 and 9%+ thereafter.
- Two strategically located properties with a combined 29,533 Net Rentable Square Feet and 169 drive‑up units.
- High occupancy rates (83% physical, 86% economic) demonstrate stable income.
- Enhanced security features including PDK gate controllers, Viking motor, closed‑loop exit, and comprehensive camera coverage.
- Recent capital improvements such as LED lighting upgrades, tree trimming, and door replacements minimize near‑term capital expenditure requirements.
- Morristown East location offers potential to convert 1,000 sq/ft of office space into climate‑controlled units, generating an estimated $10,670 in additional annual revenue.
Overview
The two Creekside Storage properties are located in Morristown, Tennessee, approximately five miles apart. One property is located at 318 Boyd School Rd (Morristown East) and the other at 3303 W Andrew Johnson Hwy (Morriston West). The sites consist of 29,533 Net Rentable Square Feet with unit sizes ranging from 6 x 6 up to 26 x 40, with a total of 169 drive-up units. The Morristown West location has prime visibility along Andrew Johnson Hwy with a traffic count of 33,369 vehicles per day. It is adjacent to established residential neighborhoods and the Morristown Country Club. The facility is stabilized with predictable occupancy and achieved rents. It is well-lit with new LED lighting installed in the last two years, including pole lights and wall packs. A PDK gate controller with Viking motor was installed along with a closed-loop exit and full camera coverage with NVR and internet-enabled remote monitoring. Recent tree trimming, door replacements, and lighting upgrades have been completed. Seven additional parking spots are ready to support new tenants. The Morristown East location is located 5.8 miles east of the West facility off E Morris Blvd, with a traffic count of 18,950 vehicles per day. It is close to local amenities such as Frank Larino Park and ongoing residential development. The site boasts full LED lighting and a PDK gate controller for access, along with 12 Hikvision cameras routed to on-site NVR. Recent tree trimming, LED lighting upgrades, and a PDK controller have been installed. The office area contains approximately 1,000 sq ft of space that could be converted into indoor units or potentially climate control.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Creekside Storage - Morristown ...
Storage Facility
Location Insight
- Map
- Local Demand
- City
- Morristown
- County
- Hamblen
- State
- Tennessee
- Longitude
- -83.250771
- Latitude
- 36.225647
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FAQs
What type of property is this?
Self storage facility - Two storage facilities with high occupancy and strong achieved rents.
Where is this self storage facility located?
The property is located at 318 Boyd School Rd Morristown, TN.
What is the asking price?
The asking price for this property is $2,025,000.
What are key features of this property?
This property features: Competitive 7.71% in‑place cap rate with projected increase to 8.70% in Year 1 and 9%+ thereafter.; Two strategically located properties with a combined 29,533 Net Rentable Square Feet and 169 drive‑up units.; High occupancy rates (83% physical, 86% economic) demonstrate stable income.
