Stabilized 3-Property Self-Storage Portfolio Opportunity – Nashville, TN

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Price
Market Bid
NRSF
183,975
Nashville, TN
3-Property Portfolio
3 recently constructed facilities located within the Nashville, TN MSA
Total of 183,975 rentable feet and 1,522 units across the portfolio
Located in the 3rd fastest growing MSA in the nation
Opportunity to significantly increase revenue through increasing achieved rents to market levels
Portfolio average physical occupancy of 88%

Cushman & Wakefield’s Self-Storage Advisory Group has been retained as exclusive advisors to offer for sale the Mini Storage Depot Nashville MSA Self-Storage Portfolio Opportunity.

This offering presents a unique opportunity to acquire 3 professionally managed self-storage facilities located within the booming Nashville Metro. The Nashville MSA has seen tremendous growth over the last few years, with the population growing by an impressive 5.9% from 2019 to just under 2.1 million residents in 2022. The state’s business friendly environment has also helped attract major companies to the Metro, including the headquarters of major companies like HCA Healthcare and Dollar General. Earning the nickname “Music City”, Nashville offers a thriving entertainment industry that has continued to bring both tourists and new residents to the city.

The Antioch Pike Facility is located just 18 minutes south of downtown Nashville, easily accessed via Interstate 24. Built in 2020, this is the newest facility within its 3-mile trade-area, offering all the latest security features and a modern design. The 62,275 rentable square foot facility offers a mix of 358 climate-controlled interior units, 144 drive-up units, and 40 parking spaces. Located within a densely populated trade area, there are over 91,800 residents within a 3-mile radius and over 51% of housing units occupied by renters. The facility is currently at 84% physical occupancy.

Located just north 15 minutes of downtown Nashville, The Brick Church Pike facility is situated directly next Interstate 24 which sees an impressive 54,190 average daily traffic volume directly next to the facility. Built in 2019, this facility is also the newest in its 3-mile trade area, offering 341 climate-controlled interior units and 157 drive-up units totaling 59,175 rentable square feet. The facility’s 3-mile trade-area has seen a strong population growth rate of 1.8% annually since 2020, highlighted by the 3 multifamily developments totaling 663 units currently under construction within 1.5 miles. The facility is currently at 94% physical occupancy.

The third facility Is located 30 minutes southeast of downtown Nashville, in La Vergne, TN. The facility
is situated directly along the heavily trafficked Murfreesboro Rd which leads directly into the city’s center, and is under a mile away from the Smyrna/Rutherford County Airport. The 62,525 rentable square foot facility, built in 2019, offers 356 climate-controlled interior units, 98 drive-up units and 28 parking spaces. The population within a 3-mile trade area has seen a strong annual growth rate of 1.9% since 2020, paired with a strong median household income of over $71,000. The facility is currently at 88% physical occupancy.

Take advantage of the opportunity to acquire three established facilities in one of the fastest growing MSAs in the nation. The three nearly stabilized facilities offer the opportunity to increase revenue by bringing current achieved rents up to market levels. Buyers have the opportunity to acquire of $1.38 MM in NOI in one of the nation’s fastest-growing metros with significant future upside.

Clearwater, FL

  • Sign CA to View Offering Memorandum

  • Confidentiality and Buyer Registration Agreement

    Cushman & Wakefield U.S., Inc. ("Broker") has been retained as the exclusive advisor and broker regarding the sale of the property known as the Clearwater, FL Self-Storage opportunity.

    To receive an Offering Memorandum ("Offering Memorandum") please read, sign and return this completed Confidentiality Agreement to Broker. The Offering Memorandum has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective Buyers may need or desire. All projections have been developed by Broker and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Seller and therefore are subject to variation. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property. Although the information contained herein is believed to be correct, the Seller and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, Broker, the Seller and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained in or omitted from the Offering Memorandum or any other written or oral communication transmitted or made available to the Buyer. The Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the property or the Owner since the date of preparation of the Offering Memorandum. Analysis and verification of the information contained in the Offering Memorandum are solely the responsibility of the prospective Buyer. Additional information and an opportunity to inspect the property will be made available upon written request to interested and qualified prospective Buyers.

    By accepting the Offering Memorandum, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney's fees, collectively "Claims") arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

    By accepting the Offering Memorandum, you acknowledge that you are a principal and not an agent of or acting on behalf of any other party in connection with the acquisition. Buyer acknowledges that it is aware that any Agent/Broker other than Cushman & Wakefield, must be compensated by Buyer as Cushman & Wakefield is not cooperating on fees. Furthermore, Buyer acknowledges that it has not had any discussion regarding this Property's Sale with any other broker or agent other than Broker or an agent/broker properly identified through this registration process, including but not limited to, resolutions of incomplete, conflicting or duplicate registrations. Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney's fees and court costs which may be incurred with respect to any claims for other real estate commissions, broker's fees or finder's fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

    The Seller and Broker each expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time with or without notice. The Seller shall have no legal commitment or obligations to any entity reviewing the Offering Memorandum or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered, and approved by the Seller and its legal counsel, and any conditions to the Seller's obligation thereunder have been satisfied or waived.

    The Offering Memorandum and the contents, except such information which is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the Offering Memorandum, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the Offering Memorandum or any of the contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

    No employee of seller or at the subject property is to be contacted without the written approval of the listing agents and doing so would be a violation of this confidentiality agreement.



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