2359 Old Russellville Pike - Self-Storage Facilities FOR SALE


Clarksville, TN 37040 | 
$3,300,000 USD
704-236-6787
2359 Old Russellville Pike, Clarksville, TN for Sale
$3,300,000 USD
Self-Storage Facilities - FOR SALE
1/27
null | Request Cap Rate

2359 Old Russellville Pike
Clarksville, TN 37040


HIGHLIGHTS

  • 356 units include 288 drive-up units and 68 uncovered parking spaces.
  • 34,800 NRSF supports a broad mix from 5x10 through 12x30.
  • 74.34% physical occupancy creates a defined lease-up opportunity.
  • 60.86% economic occupancy signals added revenue-management potential.
  • 39.14% reported variance supports potential rate and income growth.
  • New Asking Price: $3,300,000

OVERVIEW

Price Adjustment: $3,300,000 Call for Offers: October 2 Cherry Station Self Storage presents an attractive value-add investment opportunity in Clarksville, Tennessee, offering investors the ability to acquire an established self-storage asset with meaningful upside through rental-rate optimization, improved management efficiency, and enhanced revenue management. The property is currently operated with a largely self-service and contactless rental model, including online rentals, electronic gate access, video surveillance, and online account management. This operating structure creates an opportunity for a sophisticated owner-operator to implement more effective revenue management, streamline expenses, improve customer retention, and maximize the property's existing infrastructure.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$95 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cherry Station Self Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

4.46 AC

LAND SF

194,278 SF

ZONING

C-2

APN/PARCEL ID

041-091.00

ASK ABOUT THIS PROPERTY

Justin WiesehanLee & AssociatesMore Info
704-236-6787

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Justin WiesehanLee & AssociatesMore Info
704-236-6787

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