8234 Chapman Hwy, Knoxville, TN 37920

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James R.

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Building Details:

8234 Chapman Hwy is aspecial purpose property for lease in Knoxville, TN.

154-unit mini-storage facility situated on 3.29 acres.

Value-add opportunity:
» Tear down existing office building — build new office and operate mini-storage as a second business
» Raise rents, current rents are below market
» Increase occupancy, currently 48%
» Current income $64,800 per year — Potential $131,520
» Rent vacant lot behind mini-storage for car, RV, or boat storage for additional income

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