233 2nd Street Northeast

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233 2nd Street Northeast

Cleveland, TN 37311
Asking Price
Contact for price
Asset Type
Self-storage
Class
Class B

What's Special

High-Performing 83-Unit Self-Storage Portfolio in Growing Cleveland, TN <ul><li>​<span>Strong performing assets at 98% unit occupancy and 90% economic occupancy, displaying a healthy demand for storage in the area</span></li><li>​<span>Favorable basis considering the portion of climate-controlled units</span></li><li>​<span>Going-in cap rate of 7.00% based on T-12 NOI with upside still remaining</span></li><li>​<span>Population is expected to grow 1.10% annual within 3 and 5 miles for the next 5 years</span></li></ul><p></p>

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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

Location & Travel Times