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Self-Storage Facility

Rossville Self Storage

1402 Wilson Rd, Rossville, GA 30741

Listing Price: $2,500,000

Cap Rate
6.60%
Number of Units
263
Occupancy
94.4%
Rentable SF
28,600
Price/Rentable SF
$87.41
Year Built
1998

Investment Overview

Marcus & Millichap is pleased to offer Rossville Self Storage. This property sits 6 miles or 15 minutes south of downtown Chattanooga, TN. It has a strong performance history maintaining > 90% physical occupancy for several years. The property has no competitors within 1.5 miles and is surrounded by a high number of residential communities. Storage demand is likely to increase with the rapid growth of Chattanooga MSA coupled by multiple large residential developments within 2 miles of this property. The property is a cash flowing stabilized asset fully expanded at 28,600 NRSF with 263 units on a 1.68 acre lot and includes a billboard lease. Opportunity to increase rental rates that are 10% below market, improve operational efficiency, and enjoy steady cash flow.

Investment Highlights

  • Stabilized Cash Flow with 94% Physical Occupancy
  • Low Saturation Less than 6 SF / Capita in 5 mile
  • Surrounded by Residential Communities and Residential Developments

Exclusively Listed By

Self-Storage Facility

Rossville Self Storage

Listing Price: $2,500,000

Cap Rate
6.60%
Number of Units
263
Occupancy
94.4%
Rentable SF
28,600
Price/Rentable SF
$87.41
Year Built
1998

Investment Highlights

  • Stabilized Cash Flow with 94% Physical Occupancy
  • Low Saturation Less than 6 SF / Capita in 5 mile
  • Surrounded by Residential Communities and Residential Developments

Investment Overview

Marcus & Millichap is pleased to offer Rossville Self Storage. This property sits 6 miles or 15 minutes south of downtown Chattanooga, TN. It has a strong performance history maintaining > 90% physical occupancy for several years. The property has no competitors within 1.5 miles and is surrounded by a high number of residential communities. Storage demand is likely to increase with the rapid growth of Chattanooga MSA coupled by multiple large residential developments within 2 miles of this property. The property is a cash flowing stabilized asset fully expanded at 28,600 NRSF with 263 units on a 1.68 acre lot and includes a billboard lease. Opportunity to increase rental rates that are 10% below market, improve operational efficiency, and enjoy steady cash flow.

Exclusively Listed By

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