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318 Boyd School Rd Morristown, TN 37813

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Two storage facilities with high occupancy and strong achieved rents.

Property size:
29,533 SF
Lot size:
2.87 Acres

Property Features for 318 Boyd School Rd

General Information

Standard status
Active
Zoning
Commercial
Size
29,533 SF
Lot size
2.87 Acres

Building Details

Year built
1990

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Listing Contact
Anne Blackwell
Source: Crexi

Listing Agency: EquiCap Commercial, LLC, TN Listing Agent: Anne Blackwell

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Two Creekside Storage Properties

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.
Location Intelligence

Current Use by Public Records

Creekside Storage - Morristown ... Storage Facility

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Morristown
County
Hamblen
State
Tennessee
Longitude
-83.250771
Latitude
36.225647

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 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.
More about this property
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