Well-performing multi-site self storage portfolio delivering immediate income with a 7.52% cap rate and upside to 8.16% pro-forma. This opportunity includes three strategically located facilities totalling 41,380 rentable square feet and 290 units within the high-growth Knoxville to Sevierville corridor.
The properties are positioned in strong demand areas including Boyd’s Creek and Chapman Highway, benefiting from high traffic volumes, residential expansion, and tourism-driven demand. With current occupancy at 82%, the portfolio provides stable cash flow with additional upside through rental increases and operational optimisation in markets with limited REIT competition.
All facilities are well maintained and configured for efficient remote management. Security features include upgraded gate systems, camera surveillance, and full LED lighting. The sites benefit from recent capital improvements, including modern access controls, energy-efficient lighting, and enhanced monitoring systems, reducing operating costs while improving tenant security.
The portfolio is operated using disciplined revenue management strategies, with in-place rents below achieved levels, creating immediate opportunity for rate optimisation without impacting occupancy. Strong operational systems and infrastructure allow a new owner to seamlessly step in and scale performance.
Full training and transition support will be provided, including operational systems, tenant data, and management processes to ensure continuity.
Enquire now to access full financials and secure this scalable self storage investment opportunity.
