500 W Manning Street

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500 W Manning Street

Chattanooga, TN 37405
Asking Price
$1.65M
Cap Rate
5.3%
Asset Type
Self-storage
Class
Class B

What's Special

Value-add Self Storage Opportunity in Chattanooga's Most Sought After Neighborhood <ul><li>​In-Place Cash Flow at 90% Occupancy - As of April 2026, scheduled run-rate already producing $81,098 of NOI reflecting recent ECRI execution by ownership.</li><li>​Five-Year NOI Growth Path — Conservative 7.79% Year-5 Cap - Seller pro forma projects NOI growing from $81,098 (2026 run-rate) to $130,523 by 2031 — a 7.91% Year-5 cap rate at the asking price — driven by 6% annual rental growth on below-market units, a $12,840/yr facility-fee program rolling on in 2027, and a disciplined ECR

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NOI
$80,000
Cap Rate
4.85%
DSCR
0.82
Underwater
Cash-on-Cash
-3.63%
Monthly Payment
$8,163.3
Annual Cash Flow
$-17,959.597

Location & Travel Times