$9,800,000 | 99,950 SF | Assured Storage | Clarksville, TN
Overview
- Price
- $ 9,800,000
- Contact
- Ashley Compton - 6158502774
- Property Website
- Click Here
- Sold
- No
- Units
- 992
- Square Feet
- 99950
Description
The Colliers Self Storage Group is pleased to exclusively offer to qualified investors the opportunity to purchase Assured Storage of Clarksville, which consists of a primary facility located at 178 Jack Miller Blvd and a satellite location at 111 Collier Rd, both in Clarksville Tennessee. Situated just .6 miles apart, these facilities are directly across from Gate 1 of Fort Campbell Army Base, the infamous home of the 101st Airborne. Assured Storage – Clarksville totals 992 units and 99,950 SF, with the Jack Miller Blvd location including an expansion opportunity.
The Jack Miller location consists of thirteen single-story metal buildings and six block buildings sitting on approximately 5.5 acres. This location has been phase built between 1994 and 2003. This facility offers its tenants superior amenities, including a gated entrance with key code access, spacious management office, multiple 24-hour video surveillance cameras, wide asphalt and gravel drive aisles, and security lighting throughout.
The 111 Collier Rd location consists of six block buildings, three metal buildings and a two-story management office. The current owner added three new climate-controlled buildings in 2022, which are completing their lease up. This asset was phase-built between 1989 and 2022 and has a total parcel size of approximately 2.69 acres. This facility offers a full perimeter fence, a professional management office, adequate security lighting, and an electric sliding gate with keypad access.
Clarksville is the fifth largest city in Tennessee, and the 3rd fastest-growing city in the state. Population in Clarksville has grown by 32.3% since 2010, fueled by companies such as LG, Google, Hankook, and Bridgestone each establishing a large presence in the city. The population within 5 miles of Assured Storage is 103,088 individuals, which is forecast to continue growing by 1.8% annually.
Priced at $9,800,000, Assured Storage is priced at In-Place 6.25% cap rate and a Year 2 9.25% cap rate. The purchaser of this operation will financially benefit from the highly financeable in-place income stream while also having tremendous future upside through continued revenue growth as well as expansion opportunities.
