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Self-Storage Facility

American Garage Storage

645 Nelson Ln, Friendsville, TN 37737

Listing Price: $7,600,000

Cap Rate
4.69%
Number of Units
376
Occupancy
93.0%
Gross SF
97,740
Rentable SF
97,740
Price/Rentable SF
$77.76
Year Built
2014

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale American Garage Storage located in Friendsville, Tennessee. The facility consists of 61 climate controlled units, 139 non-climate controlled units, 52 locker units, and 142 covered parking units, totaling 97,740 net rentable square feet. The facility also offers six open parking spaces available for rent. This is a stabilized cash flowing facility that is currently 98 percent physically occupied. The facility is fully fenced with a keypad gated entry and 24-hour video surveillance.

The location of this facility benefits from a rapidly growing surrounding population. The population within five miles of the facility has seen a 38 percent increase since 2000 and is expected to continue to grow over the next five years. They are located directly off West Lamar Alexander Parkway (US Route 321) which provides easy access to surrounding neighborhoods. The facility has great street frontage and high daily traffic counts of around 13,900 cars per day off West Lamar Alexander Parkway.

American Garage Storage is being offered for $7.6 million or $77.76 per rentable square foot.

Investment Highlights

  • 97,740 Net Rentable Square Feet
  • 61 Climate Controlled Units | 139 Non-Climate Controlled Units
  • 52 Lockers | 124 Covered Parking Spaces
  • Six Open Parking Spaces
  • Stabilized Facility: 98 Percent Physically Occupied

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s) TN: 307629

    Tennessee

Self-Storage Facility

American Garage Storage

Listing Price: $7,600,000

Cap Rate
4.69%
Number of Units
376
Occupancy
93.0%
Gross SF
97,740
Rentable SF
97,740
Price/Rentable SF
$77.76
Year Built
2014

Investment Highlights

  • 97,740 Net Rentable Square Feet
  • 61 Climate Controlled Units | 139 Non-Climate Controlled Units
  • 52 Lockers | 124 Covered Parking Spaces
  • Six Open Parking Spaces
  • Stabilized Facility: 98 Percent Physically Occupied

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale American Garage Storage located in Friendsville, Tennessee. The facility consists of 61 climate controlled units, 139 non-climate controlled units, 52 locker units, and 142 covered parking units, totaling 97,740 net rentable square feet. The facility also offers six open parking spaces available for rent. This is a stabilized cash flowing facility that is currently 98 percent physically occupied. The facility is fully fenced with a keypad gated entry and 24-hour video surveillance.

The location of this facility benefits from a rapidly growing surrounding population. The population within five miles of the facility has seen a 38 percent increase since 2000 and is expected to continue to grow over the next five years. They are located directly off West Lamar Alexander Parkway (US Route 321) which provides easy access to surrounding neighborhoods. The facility has great street frontage and high daily traffic counts of around 13,900 cars per day off West Lamar Alexander Parkway.

American Garage Storage is being offered for $7.6 million or $77.76 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

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