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Self-Storage Facility

Walter Hill Storage

851 E Jefferson Pike, Murfreesboro, TN 37130

Listing Price: $6,400,000

Cap Rate
5.07%
Number of Units
273
Occupancy
76.3%
Gross SF
45,350
Rentable SF
45,350
Price/Rentable SF
$141.12
Year Built
1997

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Walter Hill Storage located in Murfreesboro, Tennessee. The facility consists of 273 non-climate-controlled units, four offices, and two apartments, totaling 45,350 net rentable square feet. There are also 82 parking spaces available for rent. This is a stabilized cash flowing facility that is currently 88 percent physically occupied. The property is fully fenced with a gated, keypad entry, an on-site management office, and 24-hour video surveillance.

The property benefits from a growing surrounding population and is located about 30 miles southeast of downtown Nashville. The population within five miles of the facility has increased by 65 percent since 2000 and is expected to continue to grow over the next five years. Within six miles of the facility is Middle Tennessee State University, Alvin C. York VA Medical Center, and a Walmart Super Center. They are located off a busy street and are surrounded by lots of residential neighborhoods, as well as, restaurants, retail stores, and medical centers. This offers the facility great street frontage and high daily traffic counts of around 9,200 cars per day off East Jefferson Pike.

Walter Hill Storage is being offered for $6.4 million or $141.12 per rentable square foot.

Investment Highlights

  • Nashville MSA Self-Storage Offering
  • 45,350 Net Rentable Square Feet
  • 273 Non-Climate-Controlled Units
  • Four Office Spaces and Two Apartments
  • 82 Outdoor Parking Spaces

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s) TN: 307629

    Tennessee

Financing By

Self-Storage Facility

Walter Hill Storage

Listing Price: $6,400,000

Cap Rate
5.07%
Number of Units
273
Occupancy
76.3%
Gross SF
45,350
Rentable SF
45,350
Price/Rentable SF
$141.12
Year Built
1997

Investment Highlights

  • Nashville MSA Self-Storage Offering
  • 45,350 Net Rentable Square Feet
  • 273 Non-Climate-Controlled Units
  • Four Office Spaces and Two Apartments
  • 82 Outdoor Parking Spaces

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Walter Hill Storage located in Murfreesboro, Tennessee. The facility consists of 273 non-climate-controlled units, four offices, and two apartments, totaling 45,350 net rentable square feet. There are also 82 parking spaces available for rent. This is a stabilized cash flowing facility that is currently 88 percent physically occupied. The property is fully fenced with a gated, keypad entry, an on-site management office, and 24-hour video surveillance.

The property benefits from a growing surrounding population and is located about 30 miles southeast of downtown Nashville. The population within five miles of the facility has increased by 65 percent since 2000 and is expected to continue to grow over the next five years. Within six miles of the facility is Middle Tennessee State University, Alvin C. York VA Medical Center, and a Walmart Super Center. They are located off a busy street and are surrounded by lots of residential neighborhoods, as well as, restaurants, retail stores, and medical centers. This offers the facility great street frontage and high daily traffic counts of around 9,200 cars per day off East Jefferson Pike.

Walter Hill Storage is being offered for $6.4 million or $141.12 per rentable square foot.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s): TN: 307629

    Tennessee

Financing By

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