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Self-Storage Facility

Simply Self Storage (Managed)

3545 Hickory Hill Rd, Memphis, TN 38115

Listing Price: $11,500,000

Cap Rate
5.02%
Number of Units
626
Occupancy
93.0%
Rentable SF
79,490
Price/Rentable SF
$144.67
Year Built
1999

Investment Overview

Marcus & Millichap is pleased to offer for sale Simply Self Storage (Managed) located in Memphis, Tennessee. The facility consists of 278 climate-controlled units and 329 non-climate-controlled units, totaling 79,490 net rentable square feet. They also offer 19 parking spaces for rent. This is a stabilized cash flowing facility that is currently 93 percent physically occupied. The property is fully fenced with an on-site management office, and 24-hour video surveillance. The location of this facility benefits from an extremely dense and growing surrounding population. There are currently 199,433 people living within a five-mile radius of the facility. The property is located in a busy area and is surrounded by many restaurants, retail stores, Hickory Ridge Mall, schools, residential neighborhoods, and much more. This offers the facility great street frontage and high daily traffic counts of around 32,000 cars per day. Simply Self Storage (Managed) is being offered for $11.5 million or $144.67 per rentable square foot.

Investment Highlights

  • Memphis, Tennessee Self-Storage Offering
  • 79,490 Net Rentable Square Feet
  • 278 Climate-Controlled Units | 329 Non-Climate-Controlled Units | 19 Parking Spaces
  • Stabilized Facility: 93 Percent Physical Occupancy
  • Approximately Three Acres Available for Expansion

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

Simply Self Storage (Managed)

Listing Price: $11,500,000

Cap Rate
5.02%
Number of Units
626
Occupancy
93.0%
Rentable SF
79,490
Price/Rentable SF
$144.67
Year Built
1999

Investment Highlights

  • Memphis, Tennessee Self-Storage Offering
  • 79,490 Net Rentable Square Feet
  • 278 Climate-Controlled Units | 329 Non-Climate-Controlled Units | 19 Parking Spaces
  • Stabilized Facility: 93 Percent Physical Occupancy
  • Approximately Three Acres Available for Expansion

Investment Overview

Marcus & Millichap is pleased to offer for sale Simply Self Storage (Managed) located in Memphis, Tennessee. The facility consists of 278 climate-controlled units and 329 non-climate-controlled units, totaling 79,490 net rentable square feet. They also offer 19 parking spaces for rent. This is a stabilized cash flowing facility that is currently 93 percent physically occupied. The property is fully fenced with an on-site management office, and 24-hour video surveillance. The location of this facility benefits from an extremely dense and growing surrounding population. There are currently 199,433 people living within a five-mile radius of the facility. The property is located in a busy area and is surrounded by many restaurants, retail stores, Hickory Ridge Mall, schools, residential neighborhoods, and much more. This offers the facility great street frontage and high daily traffic counts of around 32,000 cars per day. Simply Self Storage (Managed) is being offered for $11.5 million or $144.67 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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