Chicago-based real estate investment firm National Storage Operations has acquired Clarksville Self, a 424-unit self-storage facility in Clarksville, TN. The seller and sales price was not disclosed.
Completed in 2019, the property consists of 424-unit climate and non-climate controlled mini storage units as well as 18 large parking spaces for boats and RV storage, with 52,500 square feet under roof on five acres. The property also includes a 1,200-square-foot leasing office and second floor office.
“Clarksville Self Storage is a solid property with a history of steady occupancy located in a fast-growing market and strong self-storage demand,” said Brad Weiner and David Horwitch, managing principals at National Storage Operations in a statement. “In 2020 the property was over 98% occupancy with a waiting list. The demand for self-storage is outpacing supply. The property fits very well within our existing real estate portfolio in central Tennessee. Clarksville is a key rental market due to its proximity to Nashville, steady increasing population, diverse economy, strong labor market and storage demand.”
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles.
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