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Self-Storage Facility

Storage Express Portfolio

1151 N Main St, Mount Pleasant, TN 38474

Listing Price: $9,200,000

Cap Rate
6.08%
Number of Units
766
Occupancy
97.0%
Gross SF
91,785
Rentable SF
91,785
Price/Rentable SF
$100.23
Year Built
1992

Investment Overview

The Storage Express Portfolio represents seven self storage properties located within a 45 mile radius of one another just south and west of Nashville, TN. The facilities total 91,785 rentable square feet between 766 storage units and currently enjoy an average occupancy of 97%. These properties are set up for automation and are run remotely with one service tech. All seven of the facilities will be equipped with kiosks and six of the seven are accessed through key padded gates.

Investment Highlights

  • 7 Property Portfolio South and West of Nashville Tennessee
  • 97% Physical Occupancy / 74% Economic Occupancy
  • Recent Rent Increase of 9.4% in 2021

Exclusively Listed By

  • Stacey Gorman

    Senior Vice President Investments

    (678) 808-2734

    Email Stacey

    License(s): GA: 257960, TN: 00305042

    Atlanta

  • Eric Jones

    Associate

    Email Eric

    License(s): FL: SL3243464, GA: 349578

    Atlanta

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s) TN: 307629

    Tennessee

Financing By

Self-Storage Facility

Storage Express Portfolio

Listing Price: $9,200,000

Cap Rate
6.08%
Number of Units
766
Occupancy
97.0%
Gross SF
91,785
Rentable SF
91,785
Price/Rentable SF
$100.23
Year Built
1992

Investment Highlights

  • 7 Property Portfolio South and West of Nashville Tennessee
  • 97% Physical Occupancy / 74% Economic Occupancy
  • Recent Rent Increase of 9.4% in 2021

Investment Overview

The Storage Express Portfolio represents seven self storage properties located within a 45 mile radius of one another just south and west of Nashville, TN. The facilities total 91,785 rentable square feet between 766 storage units and currently enjoy an average occupancy of 97%. These properties are set up for automation and are run remotely with one service tech. All seven of the facilities will be equipped with kiosks and six of the seven are accessed through key padded gates.

Exclusively Listed By

  • Stacey Gorman

    Senior Vice President Investments

    (678) 808-2734

    Email Stacey

    License(s): GA: 257960, TN: 00305042

    Atlanta

  • Eric Jones

    Associate

    Email Eric

    License(s): FL: SL3243464, GA: 349578

    Atlanta

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s): TN: 307629

    Tennessee

Financing By

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