Nashville MSA Self-Storage Opportunity – Murfreesboro, TN
124 John R Rice Blvd Murfreesboro, TN 37129

Under Agreement
Price
Market Bid
NRSF
99,624
Murfreesboro, TN
Core+
Established business in the Nashville metro area, which has a population approaching 2 million.
Situated along busy Interstate 24, which sees around 108,291 vehicles per day along this stretch.
Median household income of $69,949 within a one-mile radius.
99,624 square-foot facility on 2.7-acre lot.
814 total rentable units.
Climate-controlled units are available.
Facility is protected by keypad entry and 24/7 surveillance.
Physical occupancy is at 75% / 70.8% with economic occupancy 63.82%.

The Self-Storage Group of Cushman & Wakefield has been selected to exclusively market the sale of an internally-managed self-storage asset with material upside located in Murfreesboro, TN.

Take advantage of the opportunity to acquire an established self-storage property in one of the nation’s fastest-growing metropolitan areas. The Nashville metro has a population nearing two million—an increase of nearly 15% in just the last decade. With ample job opportunities Nashville is steadily adding new residents at a rate of about one per hour. As the “Music City” metro expands, self-storage remains in constant demand.

The self-storage facility listed in this sale is located about 40 minutes southeast from Nashville in Murfreesboro, TN. With easy access from Interstate 24, the convenient John R Rice Blvd location is near Texas Roadhouse, Sam’s Club and other commercial properties. Murfreesboro is densely populated for a suburb, with a population density of 145,701 within a five-mile radius. In this area, residents enjoy a comfortable median household income of $69,949 within a one-mile radius.

Completed in 2018, this modern, 99,624 rentable square foot structure comprises 814 units on 2.7 acres. The facility features climate-controlled units, drive-up access and is protected by keypad entry and 24/7 surveillance. Currently, physical occupancy is at 75% / 70.8% with economic occupancy 63.82%.

In short, this facility offers a current cash-flowing asset with meaningful short and long-term upside within an hour of the rapidly growing city of Murfreesboro.




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