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 and a comfortable median household income of $70,262, 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 one hour from Nashville in Centerville, TN. With easy access from Highway 100, the convenient Sulla T Nickell St location is just a short drive from many residential apartment complexes. Completed in 1979, the well-kept, 57,954 rentable square foot structure comprises 503 units on nearly five acres. Currently, physical occupancy is at 75.8% / 65.8% with economic occupancy 67.77%.
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 Nashville.