Life Storage (Managed)

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Deal Highlights

Life Storage (Managed) is a self-storage facility located in the Nashville MSA | Nashville, TN. Own this self-storage property situated on .57 acres of land, with 58,229 net rentable square feet and 735 total units

  • Very Strong Population Growth of 3.59 Percent in the One-Mile Radius from 2019-2020
  • Superior Visibility and Access Right off I-40 With Over 130,250 VPD
  • Incredible Opportunity to Lease-Up a Class A Facility
  • Ability to Drastically Increase Rental Rates by 65 Percent to Reach Market Levels
  • Top Two Floors Will Be Built Out Prior To Closing
  • Significant Physical Occupancy Growth of 15 Percent in the Past Three Months With Great Leasing Momentum
  • Nearby A+ Storage Will Be Demolished and Become the Site of Gulch Tower, a 574-Unit Multifamily Project (See Development Overview)
  • Proximity To Several Rapidly-Growing Neighborhoods

Address

825 3rd Avenue South, Nashville, TN 37210

Price

TBD by Market

Pro Forma NOI

$984,554

Net Rentable Square Feet
58,229 NRSF
Lot Size

0.57

Unit Count
735
Year Built
2018
Status

Active

Location

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