2821 Highway 43 Leoma, TN 38468
- Self storage facilities
- 22,500 SF
- 1.93 lot acres
Current Use by Public Records
- Purser Storage / Storage Facility
Property Details for 2821 Highway 43
- Year built
- 2014
- Lot size
- 1.93 lot acres
- Property size
- 22,500 SF
- Property type
- Self storage facilities
Description
This exceptional investment opportunity encompasses three strategically located self-storage facilities in Tennessee, totaling 167 units and 17,850 net rentable square feet. The portfolio boasts a combined asking price of $800,000, representing a compelling $5,089.82 per unit. Currently operating at 80% occupancy, generating a substantial $65,000 NOI and an 8.12% cap rate. The properties include a mix of recently constructed and renovated buildings. The Leoma location (2821 Hwy 43 S, Leoma, TN 38468), purchased in 2014, features 76 units (8 currently available), and underwent significant expansion in 2019 and 2023, including the addition of three new buildings and a gated facility. The Loretto location (3601 US-43, Loretto, TN 38469), constructed between 2017 and 2018, comprises 36 units (2 currently available). Finally, the Collinwood location (304 TN-13, Collinwood, TN 38450), acquired in 2021, houses 55 units and is currently 100% occupied, with recent rent increases implemented on October 1, 2024. The total lot size across all three locations is 1.93 acres. Detailed financial information, including insurance premiums, utility costs, taxes, pest control expenses, and website management fees, is available upon request. This is a cash sale
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Leoma
- County
- Lawrence
- State
- Tennessee
- Longitude
- -87.3765
- Latitude
- 35.1355
