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|Number of units||650|
LOCATION: The Property is located along the north side of Hillview Avenue, connected to the I-40 access road at the intersection of US-11W and I-40.
ACRES: +/- 1.89 Acres
FRONTAGE: +/- 289’ of frontage along Hillview Avenue
UTILITIES: Internet and phone provided by AT&T and Domestic and sanitary lines provided by Knoxville Utility Board.
CONSTRUCTION DETAIL: The facility will consist of a single, three level building.
ELEVATOR DETAIL: Two 116” tall Otis Elevators with 4,500 pound capacity.
HVAC DETAIL: The storage areas have eighteen 3.5-ton units with electric heat. The Sales Office has a dedicated 3-ton unit with electric heat. The Property utilizes ductless air handlers in the storage areas with individual thermostats per unit. Bi-polar ion generators and dehumidifiers are located per floor to minimize moisture levels.
OFFICE: Roughly 900 SF of office fit out as to Extra Space’s specifications.
FEATURES AND AMENITIES: The facility will include surveillance cameras, individual unit locks, climate control throughout, keypad entry, and on-site management.
CERTIFICATE OF OCCUPANCY: Expected July 1st, 2022
MANAGEMENT: The property is slated to be professionally managed by Extra Space.
SECURITY: The facility is equipped with a 24-hour video surveillance system and key pad entry into the facility.
OFFERING PRICE: Unpriced
RENTABLE SQUARE FEET: 69,875 SF
EFFECTIVE RENTAL RATE: $16.49 PSF (Proposed)
NUMBER OF UNITS: 650
EXPECTED DELIVERY: July 1st, 2022
OFFER DEADLINE: April 29th, 2022
NEW BEST-IN-CLASS CONSTRUCTION
Knoxville Self Storage at 145 Hillview Ave is expected to deliver by July 1st, 2022.
The facility will be constructed to Class A standards with an assortment of modern
features and amenities – including 100% climate-controlled units.
EXCELLENT VISIBILITY TO OVER 100,000 VPD
The Property is uniquely situated as the primary storage facility immediately
accessible and visible from I-40 (106,000 VPD) in East Knoxville. The access is
truly unmatched by any other facility in the area.
STRONG SUPPLY-SIDE FUNDAMENTALS
The competitive landscape within a 3-mile radius around the Property currently
features only 6.1 SF of self-storage per person with no comparable new-vintage,
climate control facilities.
LOCATED ON PRIMARY THOROUGHFARE IN KNOXVILLE
Strategically situated along I-40, Knoxville Self Storage is within a short drive from
both Downtown Knoxville (5-Min) as well as the University of Tennessee (8-Min),
which boasts a student enrollment of over 31,000.
With an estimated 2022 population of 188,326, Knoxville Tennessee is often
considered one of the best locations to live in the state. Additionally, it is the home
of the flagship university of the State of Tennessee. Demonstrated by the University
currently under construction or design on $1bn+ of projects, Knoxville continues to
invest in itself while ranking among the top 100 cities to live in the U.S.