Secure Storage

9,975 NRSF | 80 Units | Walden, TN

Under Contract

INVESTMENT OVERVIEW

Secure Storage is an extremely well-maintained facility consisting of 80 climate-controlled units ranging from 95 to 140 square feet and totaling 9,975 NRSF. The facility was built in 2018 and sits on 1.3 acres of land in Chattanooga MSA. The facility features secure gated access, strong road visibility, and state-of-the-art security cameras.

Currently, the facility is 99% physically and economically occupied and has kept extremely high occupancies over the last several years. The property requires little to no capital expenditures and is a turn-key operation that is currently remotely managed by Easy Storage Solutions.

Facility Summary

 

Property Name: Secure Storage
Address: 2897 Taft Hwy, Walden, TN 37377
County: Hamilton
Land Area: 1.3 Acres +/-
Total NRSF: 9,975
Total Units: 80
Physical Occupancy: 99%
Economic Occupancy: 99%

 

Investment Highlights

  • Turn Key operation that is remotely managed by Easy Storage Solutions
  • Completely stabilized facility with a 99% physical and economic occupancy
  • Room to increase rates by 17% in Year 1
  • Chattanooga MSA
  • 1 Mile Radius-Average income – $194,399, 16% population increase in last 12 years