Well-maintained self storage investment delivering strong cash flow with a 7.52% cap rate and upside to 8.16% pro-forma. Creekside Storage – Harriman Midtown offers 14,925 rentable square feet across 120 units with consistent high occupancy and proven demand.
Strategically located directly off Roane State Highway, the facility benefits from strong visibility and daily traffic counts, with further upside driven by planned highway expansion from two to four lanes. Positioned within a designated Opportunity Zone, this asset provides additional tax advantages alongside long-term growth potential in an expanding market.
The property maintains 89% occupancy with above-average rental rates, supported by limited competition and steady local demand. Recent upgrades include modern gate access systems, LED lighting, high-definition camera surveillance, and a new roof, ensuring a turnkey operation with no deferred maintenance.
Operations are fully optimised for remote management, with advanced security and monitoring systems already in place. A new owner can capitalise on existing performance while implementing rental increases and operational efficiencies to further enhance returns.
Full transition support will be provided, including systems, tenant data, and operational processes to ensure a seamless handover.
Enquire now to secure this high-performing, growth-oriented self storage investment.
