Self Storage
390 Forest Circle Jonesborough, TN 37659
390 Forest Circle, Jonesborough, TN, 37659
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For Sale
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Self storage facility offering 8,400 NRSF and 95% occupancy.
Property Size8,400 SF
Price / SF$83.33
Days on Market85
Property Features for 390 Forest Circle
General Information
- Standard status
- Active
- Size
- 8,400 SF
- Property subtype
- Self Storage
Building Details
- Year Built
- 2022
Listing agency
Franklin Street Tampa
Listed by
Frank DeSalvo · License #FL
Source
Crexi
Added: Apr 28 Updated: Jul 20 at 7:49PM Checked: Jul 20 at 7:49PM
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 Franklin Street Tampa
Investment Insights
Based on property information with market context.
This self storage facility totals 8,400 NRSF. The property is currently described as 95% occupied.
The asset is offered for sale as a commercial real estate investment. (Address provided: 390 Forest Circle, Jonesborough, TN 37659.)
With its existing in-place occupancy, the facility presents a straightforward opportunity for buyers seeking a staffed storage operation at a stated occupancy level.
The asset is offered for sale as a commercial real estate investment. (Address provided: 390 Forest Circle, Jonesborough, TN 37659.)
With its existing in-place occupancy, the facility presents a straightforward opportunity for buyers seeking a staffed storage operation at a stated occupancy level.
Key Highlights
- Self‑storage facility built in 2022
- Total size: 8,400 NRSF
- 95% occupancy reported
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.6k | $8.40 |
| − Vacancy | −$3.5k | −$0.42 |
| EGI | $67.0k | $7.98 |
| − OpEx | −$10.1k | −$1.20 |
| NOI | $57.0k | $6.78 |
8,400 SF · lease $8.40/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Self Storage
$1.11M
$973.7K – $1.30M
NOI $77,898 @ 7.0% cap · market cap 11.13%
Second Best
Warehouse
$814.0K
$712.2K – $949.6K
NOI $56,977 @ 7.0% cap · market cap 8.14%
Theoretical Best
Office A
$3.54M
$3.10M – $4.13M
NOI $247,968 @ 7.0% cap · market cap 35.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Classic Storage, LLC
Storage Facility
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - Self storage facility offering 8,400 NRSF and 95% occupancy.
Where is this self storage facility located?
The property is located at 390 Forest Circle Jonesborough, TN.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Self‑storage facility built in 2022; Total size: 8,400 NRSF; 95% occupancy reported
