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Listed by Adrian Del Rio • PCG Commercial, Inc
$ 1,395,000
Est. payment /mo
New
50 Voss Ln Huntingdon, TN 38344
26,320 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Warehouse
Listing Status Active
Purchase Type For Sale
Square Footage 26,320 sqft
Price per Sqft $53
MLS Listing ID 3301953
Year Built 2021
Lot Size 3.180 Acres
Acres 3.18
Property Sub-Type Warehouse
Property Description
Built in 2021, Big Stuff Storage is a secured access 26,320 SF RV, Boat, and Equipment storage facility comprised of 47 (non-climate controlled) spacious units in Huntingdon, TN. There are two metal constructed buildings with wide drive isles, plus each unit boasts a spacious 14 x 40 (560 SF/Unit) with lighting plus electrical outlets, and high clear heights.
The property features secure controlled key pad gate entry, a full perimeter fence with lighting for added security.
The value-add play to increase revenues is by allocating marketing dollars for maximum exposure since the owner currently only utilizes signage with a website. There's $3,400 per month or $40,846 in upside revenue based on loss-to-vacancy. The current in-place trailing Net Operating Income (NOI) is $69,090, although the stabilized NOI is projected at $109,026 equating to a 7.5% cap rate. The property has no deferred maintenance only requiring increased marketing expense and exposure.
An investor will benefit from increasing the revenue along with enjoying the really low monthly operational expenses while maintaining an 80-85% historical occupancy.
Big Stuff Storage is strategically located at 50 Voss Lane in Huntingdon, Tennessee, providing convenient access to residents, businesses, and travelers throughout Carroll County. Situated off US Highway 70, the property benefits from strong visibility and accessibility within an established economy reinforced by manufacturing, agriculture, and industrial businesses.
The facility serves a broad customer base including boaters, RV travelers, homeowners, renters, contractors, small businesses, and agricultural operators seeking secure storage solutions. Huntingdon serves as the county seat of Carroll County and functions as a commercial hub for surrounding communities, supporting consistent demand for self-storage services.
Lake Halford is a huge attraction featuring 1,000 Acres of recreational activities.
The property features secure controlled key pad gate entry, a full perimeter fence with lighting for added security.
The value-add play to increase revenues is by allocating marketing dollars for maximum exposure since the owner currently only utilizes signage with a website. There's $3,400 per month or $40,846 in upside revenue based on loss-to-vacancy. The current in-place trailing Net Operating Income (NOI) is $69,090, although the stabilized NOI is projected at $109,026 equating to a 7.5% cap rate. The property has no deferred maintenance only requiring increased marketing expense and exposure.
An investor will benefit from increasing the revenue along with enjoying the really low monthly operational expenses while maintaining an 80-85% historical occupancy.
Big Stuff Storage is strategically located at 50 Voss Lane in Huntingdon, Tennessee, providing convenient access to residents, businesses, and travelers throughout Carroll County. Situated off US Highway 70, the property benefits from strong visibility and accessibility within an established economy reinforced by manufacturing, agriculture, and industrial businesses.
The facility serves a broad customer base including boaters, RV travelers, homeowners, renters, contractors, small businesses, and agricultural operators seeking secure storage solutions. Huntingdon serves as the county seat of Carroll County and functions as a commercial hub for surrounding communities, supporting consistent demand for self-storage services.
Lake Halford is a huge attraction featuring 1,000 Acres of recreational activities.
Location
State TN
County Carroll County
Zoning Commercial
Interior
Fireplace N
Exterior
Roof Type Aluminum
Others
Special Listing Condition Standard
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