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Self-Storage Facility

Public Storage (Managed)

4792 Main St, Spring Hill, TN 37174

Listing Price: $16,000,000

Cap Rate
3.76%
Number of Units
487
Occupancy
88.0%
Rentable SF
53,690
Price/Rentable SF
$298.01
Year Built
2018

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Public Storage (Managed) located in Spring Hill, Tennessee. The facility consists of 487 all climate-controlled units totaling 53,690 net rentable square-feet. This is a stabilized cash flowing facility that is currently 87 percent physically occupied. The property is fully secured with 24-hour video surveillance and an on-site management office. The location of this facility benefits from a rapidly growing and affluent surrounding population. The population within five miles of the facility has increased by 344 percent since 2000 and is expected to grow another 20 percent over the next five years. They are located right off US Route 31 and are minutes from a Kroger, CVS, schools, banks, restaurant chains, residential neighborhoods, and much more. This offers the facility great street frontage and high daily traffic counts of around 14,000 cars per day. Public Storage (Managed) is being offered for $16 million or $298.01 per rentable square-foot.

Investment Highlights

  • Newly Built, Class A, All Climate-Controlled Self-Storage Facility
  • Opened in 2018
  • 53,690 Net Rentable Square-Feet
  • 487 Climate-Controlled Units
  • Stabilized Facility: 87 Percent Physically Occupied

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Financing By

Self-Storage Facility

Public Storage (Managed)

Listing Price: $16,000,000

Cap Rate
3.76%
Number of Units
487
Occupancy
88.0%
Rentable SF
53,690
Price/Rentable SF
$298.01
Year Built
2018

Investment Highlights

  • Newly Built, Class A, All Climate-Controlled Self-Storage Facility
  • Opened in 2018
  • 53,690 Net Rentable Square-Feet
  • 487 Climate-Controlled Units
  • Stabilized Facility: 87 Percent Physically Occupied

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Public Storage (Managed) located in Spring Hill, Tennessee. The facility consists of 487 all climate-controlled units totaling 53,690 net rentable square-feet. This is a stabilized cash flowing facility that is currently 87 percent physically occupied. The property is fully secured with 24-hour video surveillance and an on-site management office. The location of this facility benefits from a rapidly growing and affluent surrounding population. The population within five miles of the facility has increased by 344 percent since 2000 and is expected to grow another 20 percent over the next five years. They are located right off US Route 31 and are minutes from a Kroger, CVS, schools, banks, restaurant chains, residential neighborhoods, and much more. This offers the facility great street frontage and high daily traffic counts of around 14,000 cars per day. Public Storage (Managed) is being offered for $16 million or $298.01 per rentable square-foot.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

Financing By

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