Absolute Auction - 189 Unit Self Storage Complex

by Ayers Auction & Realty

When

May 12, 2018

Where

Bartley Self Storage 1712 East Central Avenue LaFollette, TN

How

Live Only

Notes

With a current gross annual income of $73,000, there is big potential for further income growth. Self-storage is a hot investment, needing very little maintenance when compared to residential housing. This property has a huge upside for someone wanting a strong cash flow with minimal input. Make plans to attend.

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ABSOLUTE AUCTION

Saturday, May 12, 10 a.m.

189 Unit Self Storage Complex

1712 E. Central Ave., LaFollette


Due to health reasons, the owner must now liquidate this well established business. Total of 189 units, all buildings are concrete block except for the last building built in 2014 which is metal. With the exception of 18 units, the storage complex is all under chain link fencing with a security gate entrance. There is a small office space with approx. 150 sq. ft. for an onsite rental manager. Complex has a total of 2.35 acres, with space for future expansion. In addition, there is an adjoining 2.19 acre vacant tract that will be sold separately and in combination. This tract fronts East Central Ave. 166 ft., and would be ideal for boat storage, self-storage, etc. All utilities are available.

2017 Property Taxes: Storage complex - $5,487.66      Vacant Tract - $223.88

Location: LaFollette, East Central Ave., directly across from Food Lion shopping center.

10% down day of auction, balance due upon closing within 30 days. 10% Buyer’s Premium. Announcements day of auction take precedence over all previous advertising.

Conducted By

Ayers Auction & Realty

LaFollette Office: (423) 562-4941

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