1930 US Highway 45 Byp S - Self-Storage Facilities FOR SALE


Trenton, TN 38382
$5,310,000 USD
615-850-2774
1930 US Highway 45 Byp S, Trenton, TN for Sale
$5,310,000 USD
Self-Storage Facilities - FOR SALE
1/13
null | Request Cap Rate

1930 US Highway 45 Byp S
Trenton, TN 38382


OVERVIEW

The Colliers Self Storage Group is pleased to exclusively offer to qualified investors the opportunity to purchase the Hometown Storage Portfolio located in Trenton, Tennessee.  Hometown Storage consist of 2 facilities located less than 1.5 miles apart in the affluent suburbs of the Jackson MSA.  Hometown Storage - Trenton has been phase built since 2014 and consists of five single-story buildings with brick facades and metal interior partitions.   Sitting on approximately 3.35 acres, this facility offers tenants 44,700 rentable square feet and 322 units.  This facility provides a spacious management office, 17 24-hour video surveillance cameras, concrete drive aisles, full facility fencing with sliding gate, and security lighting throughout.   This location includes land and approvals for a future expansion along the right side of the parcel. The Trenton North location is operated as a satellite and consists of three single-story metal buildings totaling 10,800 rentable square feet spread between 60 units.  This facility sits on approximately 1.05 acres and offers tenants wide asphalt drive aisles, sliding gate with keypad access, multiple 24-hour video surveillance cameras and abundant security lighting throughout.  Trenton North was originally built in 1990 but was completely renovated in May 2023.  Offered at $5,310,000, the Hometown Storage Portfolio is priced at a stabilized 7.50% cap rate and just $95.68 psf.  This well-maintained portfolio will provide the purchaser with both stable in-place income as well as multiple upside opportunities.  The purchaser will have the immediate ability add additional units, grow the ancillary revenue streams, such as tenant insurance, POS, as well as implementing a revenue management strategy.  Each will have a substantial impact on this portfolio’s value.

FOR SALE DETAILS

PRICE

$5,310,000 USD

PRICE/SF

$119 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hometown Storage Portfolio

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.39 AC

LAND SF

191,228 SF

ZONING

-

APN/PARCEL ID

106A-A-002.00,106A-A-002.04

ASK ABOUT THIS PROPERTY

Ashley ComptonColliersMore Info
615-850-2774

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Ashley ComptonColliersMore Info
615-850-2774

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.