$14,570,000 | 82,537 SF | A+ Storage | Murfreesboro, TN

Description

The Colliers Self Storage Group is pleased to exclusively offer qualified investors the opportunity to purchase an institutional-grade self-storage facility located at 757 West Northfield Boulevard in Murfreesboro, Tennessee. A+ Storage is prominently positioned with over 300 linear feet of frontage along a 5-lane connector in the heart of northwest Murfreesboro’s residential corridor.

A+ Storage is an investment-grade development situated on approximately 2.63 acres. It consists of a brick two-story climate-controlled building with both floors at ground level and three drive-up buildings. This facility offers tenants 82,537 rentable square feet and 531 units, ranging in size from 6’x 4’ to 10’x 40’.

Murfreesboro was recently ranked the 16th fastest-growing city in the United States. SmartAsset ranked Murfreesboro as the #3 Fastest-Growing Boomtown in America in 2023. The five-mile population has soared by 88.2% since 2000 to 143,716 individuals. That population is forecast to continue growing by 1.95% annually. The housing in the immediate trade area is an impressive 51% renter-occupied units. Even with such a high percentage of renters, the average household income exceeds the national average at $96,559.

A+ Storage offers its tenants superior amenities, including a spacious management office, 16 24-hour video surveillance cameras, swing barrier gates, a coded access control system, concrete drive aisles, ground-level access to both climate-controlled floors, multiple loading areas, led lights throughout, centralized freight elevator, full perimeter fencing, and full facility security lighting.

The purchaser of A+ Storage will continue to benefit from the institutional quality construction and the prime location in one of the fastest-growing cities in the United States.  This rapid population growth is forecast to continue for the foreseeable future and the strong leasing trends reinforce the strength of this asset.  A+ Storage has achieved physical stabilization and is well-positioned for strong economic performance through aggressive ECRIs for years to come.