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Self-Storage Facility

Self Storage Solutions TN

1942 Hwy 41 S, Greenbrier, TN 37073

Listing Price: Request For Offer

Investment Overview

Marcus & Millichap is please to exclusively offer the Self Storage Solutions TN portfolio. Self Storage Solutions consists of three properties in growing secondary markets; Greenbrier TN, Springfield TN and Hopkinsville KY. The portfolio consists of 398 units with an expansion in progress to add another 25 units for a total of 423 units and 55,600 net rentable square feet. All but nine units are drive up however, there is also room to expand at the Springfield location. The Greenbrier location was built three years ago and has been full since early 2020, the Springfield location was completed in 2020 and is already 88 percent occupied, the Hopkinsville location has been has been in the mid to high 90 percent for many years. The portfolio is currently 94 percent occupied, by area, and economic occupancy is currently 95 percent, 86 percent and 96 percent respectively between Greenbrier, Springfield and Hopkinsville. The opportunity is to push rates, drive fee income, implement best practices and expand the Springfield location further.

The Greenbrier and Springfield locations are with fifteen minutes driving distance with Springfield bring the county seat for Robertson County. These areas are within striking distance of Nashville and compete with the highly attractive White House area for incoming residents and business activity. The Greenbrier location has a small office for the manager or district manager; the properties are currently being run remotely.

The ownership group has generally added new buildings rather than raise rates. The group is motivated to sell before the end of 2020 and are encouraging all qualified buyers to review the financials and make offers by October 20nd, 2021. Please include price, terms for due diligence and closing periods, financing contingencies and any other relevant information that will help determine the right investor.

Investment Highlights

  • Three Property Portfolio in Growing Markets North of Nashville
  • Newer Construction Allows for a Lower Cost of Maintenance
  • Two Main Sites in Close Proximity Enabling Shared Resources
  • Expansion Underway at Greenbrier Location and Expansion Room at Springfield Location
  • Rental Office at Greenbrier Location

Exclusively Listed By

Self-Storage Facility

Self Storage Solutions TN

Investment Highlights

  • Three Property Portfolio in Growing Markets North of Nashville
  • Newer Construction Allows for a Lower Cost of Maintenance
  • Two Main Sites in Close Proximity Enabling Shared Resources
  • Expansion Underway at Greenbrier Location and Expansion Room at Springfield Location
  • Rental Office at Greenbrier Location

Investment Overview

Marcus & Millichap is please to exclusively offer the Self Storage Solutions TN portfolio. Self Storage Solutions consists of three properties in growing secondary markets; Greenbrier TN, Springfield TN and Hopkinsville KY. The portfolio consists of 398 units with an expansion in progress to add another 25 units for a total of 423 units and 55,600 net rentable square feet. All but nine units are drive up however, there is also room to expand at the Springfield location. The Greenbrier location was built three years ago and has been full since early 2020, the Springfield location was completed in 2020 and is already 88 percent occupied, the Hopkinsville location has been has been in the mid to high 90 percent for many years. The portfolio is currently 94 percent occupied, by area, and economic occupancy is currently 95 percent, 86 percent and 96 percent respectively between Greenbrier, Springfield and Hopkinsville. The opportunity is to push rates, drive fee income, implement best practices and expand the Springfield location further.

The Greenbrier and Springfield locations are with fifteen minutes driving distance with Springfield bring the county seat for Robertson County. These areas are within striking distance of Nashville and compete with the highly attractive White House area for incoming residents and business activity. The Greenbrier location has a small office for the manager or district manager; the properties are currently being run remotely.

The ownership group has generally added new buildings rather than raise rates. The group is motivated to sell before the end of 2020 and are encouraging all qualified buyers to review the financials and make offers by October 20nd, 2021. Please include price, terms for due diligence and closing periods, financing contingencies and any other relevant information that will help determine the right investor.

Exclusively Listed By

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