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Cherry Station Self Storage 2359 Old Russellville Pike 34,800 SF 100% Leased Flex Building Clarksville, TN 37040 For Sale
Investment Highlights
- 356 units include 288 drive-up units and 68 uncovered parking spaces.
- 74.34% physical occupancy creates a defined lease-up opportunity.
- 39.14% reported variance supports potential rate and income growth.
- 34,800 NRSF supports a broad mix from 5x10 through 12x30.
- 60.86% economic occupancy signals added revenue-management potential.
- $193,665 Year 1 NOI rises to $262,608 in Year 2.
Executive Summary
Cherry Station Self Storage presents an attractive value-add investment opportunity in Clarksville, Tennessee, offering investors the ability to acquire an established self-storage asset with meaningful upside through rental-rate optimization, improved management efficiency, and enhanced revenue management.
The property is currently operated with a largely self-service and contactless rental model, including online rentals, electronic gate access, video surveillance, and online account management. This operating structure creates an opportunity for a sophisticated owner-operator to implement more effective revenue management, streamline expenses, improve customer retention, and maximize the property's existing infrastructure.
The property is currently operated with a largely self-service and contactless rental model, including online rentals, electronic gate access, video surveillance, and online account management. This operating structure creates an opportunity for a sophisticated owner-operator to implement more effective revenue management, streamline expenses, improve customer retention, and maximize the property's existing infrastructure.
Property Facts
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Flex | Year Built | 2010 |
| Rentable Building Area | 34,800 SF |
| Sale Type | Investment |
| Property Type | Flex |
| Rentable Building Area | 34,800 SF |
| No. Stories | 1 |
| Year Built | 2010 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 041-091.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $932,123 CAD |
Property Taxes
Parcel Number
041-091.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$932,123 CAD
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Cherry Station Self Storage | 2359 Old Russellville Pike
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