CRE p Tennessee

Marcus & Millichap wraps sale of 465 self-storage units in Tennessee

Marcus & Millichap sells 465 self-storage units in Tennessee,ph01

Marcus & Millichap closed the sale of The Storage Place and The Storage Place South, a combined 56,155-square-foot self-storage facility in Dickson, Tennessee.

Gabriel Coe and Brett R. Hatcher, investment specialists in Marcus & Millichap’s Columbus, Ohio, office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.

The buyer, a limited liability company, was also secured and represented by Coe and Hatcher. Jody McKibben, Regional Manager and Broker of Record, assisted in closing this transaction.

The Storage Place and Storage Place South consists of two sites located at 715 Hwy 70 West and 120 Tennsco Rd in Dickson. The Storage Place South facility is currently serving as a satellite location to the Storage Place location.

The Storage Place location has 225 standard units, totaling 30,155 net rentable square feet and 11 parking spaces. The Storage Place South location with expansion has a total of 229 units, totaling 26,000 net rentable square feet, along with 20 parking spaces. The facilities combined have a total of 465 standard units, totaling 56,155 net rentable square feet.