Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale A Place for Stuff located at 136 Old Gray Station Road Gray, Tennessee 37615 in Washington County. A Place for Stuff is equipped with state-of-the-art security and access technology. Customers benefit from 24-hour access, coded gate entry, perimeter fencing, and digital video surveillance, all of which ensure tenant peace of mind and asset protection. A 24-hour self-service kiosk further enhances operational efficiency by enabling round-the-clock leasing and accommodating after-hours rentals. The facility includes 172 drive-up units and 27,300 Net Rentable Square Feet with asphalt drive aisles and concrete on slab construction. With no stone left unturned, the facility was built with top of line materials and opened in 2021 with further room to expand on ~1/2 acre of unused space in the rear of the parcel. A Place for Stuff has been independently owned and operated since inception. With ~15% of current occupancy rented at $0 to owners family & friends, the opportunity is ripe for a seasoned storage investor to acquire a beautiful asset, make the operational improvements necessary to take it to the next level. Located in the Tri-Cities corridor of northeastern Tennessee, the facility occupies a prime position in a high-growth suburban area between Johnson City and Kingsport, two of the largest economic and population centers in the region. This strategic location allows the facility to attract tenants from Gray as well as nearby communities such as Oak Grove, Jonesborough, Spurgeon, Boones Creek, and Asbury. The facility is situated within a rapidly expanding residential market. Gray and surrounding parts of Washington County have experienced significant residential development in recent years, as suburban migration from Johnson City continues to push northward. The 3-mile radius has experienced 8% population growth in the last 4 years with a Median Household income of $81,909.