Stor Stor Stor

$699,000 | 14,900 NRSF | 132 Units | Savannah, TN

INVESTMENT OVERVIEW

Stor Stor Stor Self Storage facility is made up of 14,900 NRSF and 132 units, located in Savannah TN, which is situated just between the two major cities of Memphis and Nashville. The property currently sits at lower than optimal occupancy levels, largely due to lack of management for over 2 years. This property was purchased by an investor prior to personal health circumstances, therefore has not been able to be managed properly. With 24% physical occupancy and 23% economic occupancy, this property presents a strong value-add opportunity for investors to unlock significant upside through implemented management, strategic rate optimization, and enhanced operational efficiencies. The site was recently upgraded with new construction and features an on-site office for professional management and day-to-day operations. The facility has the potential to achieve stabilization and generate consistent, growing revenue with improved operational management. This is a rare opportunity for a new investor to acquire well below replacement cost.

INVESTMENT HIGHLIGHTS

  • New construction & on site- office.
  • Lack of management for two years supports upside for implementation of management by new investor.
  • Rare opportunity to acquire investment well below replacement cost.

LEAD BROKER

DD

Tess Dooley  | Associate
M:508.737.8823
Tess@meridianstoragegroup.com
FL Lic. SL3630767

FACILITY SUMMARY

Property Name: Stor Stor Stor
Address: 155 Talley St, Savannah, TN 38372
County: Hardin County
Land Size: 1.15 Acres
Total NRSF: 14,900 NRSF
Total Units: 132 Units
Physical Occupancy: 24.2%
Economic Occupancy: 23.0%
Building Count: 4 Single Story Buildings

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