725 Freewill Road Northwest

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725 Freewill Road Northwest

Cleveland, TN 37312
Asking Price
Contact for price
Asset Type
Self-storage
Class
Class B

What's Special

Value-Add Self-Storage Portfolio with 24% Projected IRR in Growing Cleveland Market <ul><li>​<span>Clear opportunity to improve economic occupancy and drive rental rates</span></li><li>​<span>147 single-family homes either completed or in development directly behind the Freewill facility. Plans to nearly double that number in the near future</span></li><li>​<span>High projected returns, with projected 5-year levered IRR at 24%</span></li><li>​<span>Strong residential development momentum within the city with multiple new subdivisions underway, including the Hardwick Farm master

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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