770 Tn-25 Castalian Springs, TN 37031
- Self storage facilities
- 45,000 SF
- 10.15 lot acres
Current Use by Public Records
- Self storage facilities
Property Details for 770 Tn-25
- Year built
- 11
- Lot size
- 10.15 lot acres
- Property size
- 45,000 SF
- Property type
- Self storage facilities
Description
This exceptional investment opportunity presents a thriving self-storage and trailer sales business in Castalian Springs, Tennessee. Situated on a spacious 10.15-acre lot at 770 TN-25, zip code 37031, this 11-year-old facility boasts 45,000 square feet of rentable space, currently achieving an 88% occupancy rate. The property includes 184 non-climate-controlled units, 9 climate-controlled 5x10 units, 32 climate-controlled 10x10 units, and dedicated space for boat and RV storage (12x40 units). Additionally, there's ample outdoor storage for vehicles (20+ spaces, 10 currently available), and 4-5 acres of land available for future expansion. The existing trailer sales business is valued at $350,000, plus inventory, and is included in the sale. Operating costs for 2023 totaled $51,891. Pricing has remained stable for the past three years, yet remains competitive with similar facilities in Trousdale County, significantly undercutting rates in neighboring Sumner County. This turnkey operation offers a compelling 5.80% cap rate at an asking price of $3,100,000 ($68.89/sq ft). This property represents a rare chance to acquire a well-established, high-performing business with significant upside potential.
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
- Castalian Springs
- County
- Trousdale
- State
- Tennessee
- Longitude
- -86.2583
- Latitude
- 36.3892
