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Self-Storage Facility

Public Storage (Managed)

1105 Dayton Blvd, Chattanooga, TN 37405

Listing Price: $9,200,000

Cap Rate
3.78%
Number of Units
543
Occupancy
57.1%
Gross SF
52,931
Rentable SF
52,931
Price/Rentable SF
$173.81
Year Built
2018

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Public Storage (Managed) located at 1105 Dayton Boulevard, Chattanooga, Tennessee. The three-story facility features 531 climate controlled self-storage units and 12 lockers, totaling 52,931 net rentable square feet. The property was completed in 2018 and sits on 1.17 acres of land. There is an on-site manager and the facility can be accessed 24 hours a day with constant video surveillance.

Public Storage is located just one and a half miles north of downtown Chattanooga off Highway 27, which offers great street frontage and high daily traffic counts. To the East of the facility there are several housing communities located in Northshore, Dallas Heights, North Chattanooga, and Hill City. To the South along Cherokee Boulevard there are many retail stores, restaurant chains, grocery stores and drug stores. There are currently 37,779 people located within a three-mile radius of the facility and 94,192 people located within a five-mile radius of the facility.

This self-storage opportunity offers an investor the ability to acquire a brand new, class A facility, in a densely populated and growing surrounding area.

Public Storage (Managed) is being offered for $9,200,000 or $173.81 per rentable square foot.

Investment Highlights

  • Newly Built, Three-Story, Class A Facility
  • 52,931 Net Rentable Square Feet
  • 531 Climate Controlled Units
  • 12 Lockers
  • Opened September 2018

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    (615) 997-2860

    License(s) TN: 307629

    Tennessee

Self-Storage Facility

Public Storage (Managed)

Listing Price: $9,200,000

Cap Rate
3.78%
Number of Units
543
Occupancy
57.1%
Gross SF
52,931
Rentable SF
52,931
Price/Rentable SF
$173.81
Year Built
2018

Investment Highlights

  • Newly Built, Three-Story, Class A Facility
  • 52,931 Net Rentable Square Feet
  • 531 Climate Controlled Units
  • 12 Lockers
  • Opened September 2018

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Public Storage (Managed) located at 1105 Dayton Boulevard, Chattanooga, Tennessee. The three-story facility features 531 climate controlled self-storage units and 12 lockers, totaling 52,931 net rentable square feet. The property was completed in 2018 and sits on 1.17 acres of land. There is an on-site manager and the facility can be accessed 24 hours a day with constant video surveillance.

Public Storage is located just one and a half miles north of downtown Chattanooga off Highway 27, which offers great street frontage and high daily traffic counts. To the East of the facility there are several housing communities located in Northshore, Dallas Heights, North Chattanooga, and Hill City. To the South along Cherokee Boulevard there are many retail stores, restaurant chains, grocery stores and drug stores. There are currently 37,779 people located within a three-mile radius of the facility and 94,192 people located within a five-mile radius of the facility.

This self-storage opportunity offers an investor the ability to acquire a brand new, class A facility, in a densely populated and growing surrounding area.

Public Storage (Managed) is being offered for $9,200,000 or $173.81 per rentable square foot.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    (615) 997-2860

    License(s): TN: 307629

    Tennessee

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