7962 Battlefield Parkway, Ringgold, GA 30736

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Joseph M P.

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Building Details:

7962 Battlefield Parkway is aretail property for lease in Ringgold, GA.

SELF-STORAGE COMPLEX ON BATTLEFIELD PKWY- With 97% currently leased, this mini self-storage facility has 157 units total. Five rental offices available along with the house at the front of the property that is rented as a business practice. All offices are wired separately with an electric meter and each office pays their own electric. Security cameras in place for video surveillance and can be remotely monitored. Convenient location off I-75 on the Tennessee/Georgia state line.

More Financial information:
37 10x20 units rent for $75 to $80 each; 50 10x15 units rent for $60 each; 70 10x10 units rent for $50 each. Four offices rent for 250 each, and one is currently being used as office space for the self-storage complex. The house in front is rents for $875 per month. Forty-eight units are currently on auto pay and many customers pay online. The customer base is stable with a very low move-out rate. A lot of long time customers, and very few short term ones.

The average monthly gross income ove the last year has been about $9300/month. Average expenses are $1,500/month. Average vacancy rate is about 92%. Cap rate is 9.4%

The business is currently managed with someone taking calls part-time, and someone who meets new customers at the facility. A new owner could manage the facility very easily remotely or with just part-time help.

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