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4 Location Multi Property Storage Unit Business Commercial Online Auction
Listing ID#: 353588
| Sale Location |
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Maynardville, TN 37807 |
| Sale Dates and Times |
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| Bidding Ends: Monday Nov 16 |
| Sale Type |
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 Online Auction
VIEW ONLINE CATALOG |
| Company Information |
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DeLozier Realty & Auction Contact: Jerry DeLozier Phone: 865-681-7797 Email: info@delozierrealty.com Website: Delozierauctions.com EstateSale.com ID#: 3938 View company information and listings |
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| Listing Terms and Conditions |
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Terms: Property sold strictly AS-IS with any and all faults. No contingencies. 10% Buyer's premium added to final bid price. 10% down due day the auction closes online. Buyer must sign a contract day of closing. Closing in 30 days or less. Auto extend feature is enabled, which means if the property is scheduled to end at 2:00 pm and someone bids at 1:59 pm, the bidding is automatically extended for 5 minutes with a new end time on 2:04 pm. Each time the auction goes under 5 minutes, it is eligible to extend. This allows you time to bid again if you so choose. This mimics a live auction, as once the bidding is exhausted and the last bid is received, then the time will tick down and the auction will end. This makes it fair to all bidders. You are entering a binding contract when you bid. If you don't understand the terms of the auction, call us and we will explain them to you. If you don't trust the system, then DON"T BID. All sales are final. Sale is subject to seller confirmation. Structures built before 1978 may contain lead based paint. Thank you for bidding.
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| Listing Information |
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4 LOCATION - MULTI-PROPERTY STORAGE UNIT BUSINESS COMMERCIAL ONLINE AUCTION Begins Monday, November 9th 10:00AM Starts ending November 16th 2:00PM ATTENTION BIDDERS: IMPORTANT MARKETING & FINANCING INFO LISTED IN THE DOCUMENT SECTION OF THE SALE (RENT ROLLS AND ACTUAL FINANCIALS ARE AVAILABLE UPON REQUEST) Four turnkey self-storage properties with stabilized occupancy can be purchased. Upside potential is available by adding units at three of the properties and from rent increases at all four. Additional income can be realized by adding tenant insurance. All facilities are in good condition with all storage units and other equipment operating correctly. Regular maintenance has been performed and repairs have been made as needed. Every unit is maintained/repaired each time a customer moves out. All sites are set up to operate remotely to minimize management effort. Customer service is provided almost entirely using text messages, emails, and phone calls. Customers rent units online and move into their units without manager involvement. Find more information on marketing, income projections, help with financing and surveys in the documents above. And feel free to call our auctioneers anytime, we are happy to provide you rent rolls and actual financials for the businesses and answer any questions. Property 1: KnoxUnion Storage - County Line 211 Maynardville Highway Maynardville, TN 37807 *Busy location- 13,000 vehicles per day *2.15 acres *Rentable space: 19300 square feet *168 total number of units *Average occupancy: 98% *47 new units completed in April, 2020 includes: 11 climate controlled units, 3 units in boat/ RV garage (1200 sqft), and 33 standard units (4,800 sqft) *Fully fenced w/ automated smart gate *14 camera surveillance system *Nighttime security lighting *Operating expense ratio: 15% excluding mgmnt *Net Operating Income $117,300 *$2,000 monthly upside by increasing existing customers rent to current price list! Property 2: KnoxUnion Storage - Halls Crossroads 6823 Tice Lane Knoxville, TN 37918 * Rentable space 7800 square feet * 45 storage units & 1 office (rented) * 6 uncovered storage parking spaces *.75 acres * 99% occupancy average * Fully fenced manual gates * Nighttime security lighting * Monthly gross income: $5150 * Operating expense ratio: 15% excluding mgmnt *Net Operating Income: $52,033 Property 3: KnoxUnion Storage - Luttrell 208 Tazewell Pike Luttrell, TN 37779 * Busy highway location! * Approx. 2400 vehicles per day * Room for more development! * 1.38 Acres * 5,010 rentable space * 99% average occupancy * 49 units * $2350.00 monthly gross income * $24,800 Net Operating Income (12 months) Property 4: Athens Mini Storage 104 Benton Rd Athens, TN 37303 * Only 1.4 miles from downtown Athens, TN * Room for more development! * Newer facility, established June 2019 * Situated on .57 acre lot * 2800 square feet of rentable space! * 32 total units * 96% stabilized occupancy past 7 months! * Fully fenced with manual sliding gate * Night security lighting * $1653 per month stabilized income * 25% operating expense excluding mgmnt * $14,877.00 Net Operating Income |
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