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ALLSAFE STORAGE PORTFOLIO

CLEVELAND, TN

ACCESS OM & DEAL ROOM
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LIST PRICE

Market Bid

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TOTAL UNITS

603

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NRSF

74,175

FACILITY NAME ADDRESS NRSF TOTAL # OF UNITS CLIMATE CONTROLLED UNITS NON-CLIMATE CONTROLLED  UNITS PARKING
SPACES
YEAR
BUILT
LOT SIZE (AC)
Allsafe Storage 3005 Overlook Drive NE & 2265 Shady Ln 40,900 310 85 164 0 2000-2005 3.28
Allsafe Storage 100 Old Charleston Lane NE 33,275 293 123 170 0 2023 3.10

 

INVESTMENT HIGHLIGHTS
  • Seller Financing options being offered at a 5.00% Interest Rate and 24 months of interest-only payments
  • Visibility to over 25,000 vehicles per day on 25th Street for Overlook and Shady
  • Brand new facility in the North Lee location - Certificate of Occupancy was just delivered this year
  • Significant room to improve management and operations
  • Opportunity to capture over $40,000 annually in tenant insurance net income
  • Dense population surrounding Overlook & Shady with 44,000 people living in a 3-mile radius and over 78,000 people living in a 5-mile radius
  • Average household incomes in a 1-mile radius of North Lee are over $123k per year, and over $89k per year in a 3-mile radius
  • Cleveland has experienced steady population growth over the past 10 years, and is projected to continuously grow in the coming years at 0.60% annually 
Allsafe Storage-Cleveland-TN-Developments@4x
ACCESS OM & DEAL ROOM
EXCLUSIVELY LISTED BY:
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AUSTIN McLEOD
Vice President & Associate Director
 
DIR +1 (404) 445-1093
MOB +1 (678) 576-1780
License No. 394903 (GA)
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HUNTER REYNOLDS
Associate
 
DIR +1 (404) 380-1196
MOB +1 (865) 216-7034
License No. 414787 (GA)
BROKER OF RECORD

KYLE MATTHEWS

License No. 263667 (TN)