$7,020,000 | 40,150 SF | Goodview Storage | Gallatin, TN

Description

The Colliers Self Storage Group is pleased to exclusively offer to qualified investors the opportunity to purchase an institutional quality self-storage facility located at 149 Goodview Way in Gallatin, Tennessee.  Goodview Self Storage is a 40,150 SF institutional quality asset that opened in October of 2019.  Goodview Self Storage is located along the highly trafficked SR-386 (47,561 AADT) and at the off-ramp for Greenlea Boulevard in one of the fastest growing communities in Tennessee.

Goodview Self Storage consists of five single-story drive-up buildings and a two-story management office sitting on approximately 6.51 acres.  Goodview Self Storage offers tenants superior amenities, including a state-of-the-art 1,200 sf management office, 1,200 sf unfinished 2nd floor space, nine 24-hour video surveillance cameras, barrier arm and sliding gate with keypad access control, full perimeter fence and abundant LED security lighting throughout.

This highly visible asset benefits from the area’s strong demographics as well as its strategic location in the heart of the growth corridor of Sumner County.  Currently, there are 72,329 individuals within 5 miles of this facility, with an annual population growth forecast of 3.4%.  The average household income within 3 miles of the facility is an impressive $131,850.  The immediate 1-mile trade area provides significant storage demand with 69% of the housing being renter occupied units.

Priced at $7,020,000, Goodview Storage is priced at a stabilized 7.20% cap rate and just $174.84 psf.  The purchaser of this asset will be acquiring an immaculately maintained facility with a strong historical operating performance and also attractive financial upside through improving revenue management techniques.  The area’s thriving population, growing economy, and proximity to Nashville make this asset an attractive self-storage investment for years to come.