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Self-Storage Facility

Go Store It - Hendersonville

393 E Main St, Hendersonville, TN 37075

Listing Price: $16,500,000

Cap Rate
2.77%
Number of Units
656
Occupancy
70.0%
Rentable SF
72,051
Price/Rentable SF
$229.00
Year Built
2020

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Go Store It located in Hendersonville, Tennessee. The facility consists of 656 climate-controlled units totaling 72,051 net rentable square feet. This is a recently converted property that is currently 70 percent physically occupied. The property is fully secured with an on-site management office and 24-hour video surveillance. The facility benefits from a dense, rapidly growing, and affluent surrounding population and is just about 20 miles from downtown Nashville. The population within five miles of the facility is 85,467, which represents a 53 percent increase since 2000 and is expected to continue to grow over the next five years. The average household income of people living within a five-mile radius is $111,816 which is well above the national average. They are located off a busy street in a strip-mall, and is surrounded by lots of residential neighborhoods, as well as restaurants and retail stores. This offers the facility great street frontage and high daily traffic counts of around 22,200 cars per day off East Main Street. Go Store It is being offered for $16.5 million or $217.90 per rentable square foot.

Investment Highlights

  • Nashville MSA, Newly Converted Self-Storage Offering
  • 72,051 Net Rentable Square Feet
  • 656 Climate-Controlled Units
  • Excellent Location and Street Frontage

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Financing By

Self-Storage Facility

Go Store It - Hendersonville

Listing Price: $16,500,000

Cap Rate
2.77%
Number of Units
656
Occupancy
70.0%
Rentable SF
72,051
Price/Rentable SF
$229.00
Year Built
2020

Investment Highlights

  • Nashville MSA, Newly Converted Self-Storage Offering
  • 72,051 Net Rentable Square Feet
  • 656 Climate-Controlled Units
  • Excellent Location and Street Frontage

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Go Store It located in Hendersonville, Tennessee. The facility consists of 656 climate-controlled units totaling 72,051 net rentable square feet. This is a recently converted property that is currently 70 percent physically occupied. The property is fully secured with an on-site management office and 24-hour video surveillance. The facility benefits from a dense, rapidly growing, and affluent surrounding population and is just about 20 miles from downtown Nashville. The population within five miles of the facility is 85,467, which represents a 53 percent increase since 2000 and is expected to continue to grow over the next five years. The average household income of people living within a five-mile radius is $111,816 which is well above the national average. They are located off a busy street in a strip-mall, and is surrounded by lots of residential neighborhoods, as well as restaurants and retail stores. This offers the facility great street frontage and high daily traffic counts of around 22,200 cars per day off East Main Street. Go Store It is being offered for $16.5 million or $217.90 per rentable square foot.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

Financing By

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