Self-Storage Facility
Rossville Self Storage
1402 Wilson Rd, Rossville, GA 30741
Listing Price: $2,500,000
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
Listing Price: $2,500,000
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
