Anne Williams-Blackwell and Andy Beeckman of The Williams Storage Group of Marcus & Millichap are pleased to announce the recent closing of Madison Self Storage located at 111 Woodruff St, Nashville, Tennessee. The facility offered a mix of 99 climate and non-climate controlled units and 11 open parking spaces within 9,675 net rentable square feet.
The facility included a rental office, security cameras, DVR recording system, two separate gates with keypad access and a third gate on the lot where the owner managed their U-Haul business. Madison Self Storage is located in a densely populated area of Nashville with 53,696 people in a 3-mile radius and 126,078 in a 5-mile radius. According to Williams-Blackwell, “This 110 unit facility is another perfect example of the appetite investors have for self-storage assets in Nashville. We received 12 offers from all types of investors such as first time buyers, investors from the east coast, west coast, top 25 operators and even a REIT. The Seller ultimately went with a local first time buyer who plans to self-manage and who can carry out the Seller’s long range vision of the property.” (Read More...)