For Sale $9,800,000
Property Type Industrial - Warehouse/Distribution
Property Size 99,950 SF
Date Updated Apr 26, 2024

The Colliers Self Storage Group is pleased to exclusively offer to qualified investors the opportunity to purchase Assured Storage of Clarksville, which consists of a primary facility
located at 178 Jack Miller Blvd and a satellite location at 111 Collier Rd, both in Clarksville, Tennessee. Situated just .6 miles apart, these facilities are directly across from Gate 1 of
Fort Campbell Army Base, the infamous home of the 101st Airborne. Assured Storage – Clarksville totals 992 units and 99,950 SF, with the Jack Miller Blvd location including an expansion opportunity.

The Jack Miller location consists of thirteen single story metal buildings and sixblock building sitting on approximately 5.5 acres. This location has been phase built between 1994 and 2003. This facility offers its tenants superior amenities, including a gated entrance with key code access, spacious management office, multiple 24-hour video surveillance cameras, wide asphalt and gravel drive aisles, and security lighting throughout.

The 111 Collier Rd location consists of six block buildings, three metal buildings and a two-story
management office. The current owner added three new climate-controlled buildings in 2022, which are completing their lease up. This asset has been phase built between 1989
and 2022 and has a total parcel size of approximately 2.69 acres. This facility offers a full perimeter fence, professional management office, adequate security lighting, and an electric sliding gate with keypad access. Clarksville is the fifth largest city in Tennessee, and the 3rd fastest growing city in the state. Population in Clarksville has grown by 32.3% since 2010, fueled by companies such as LG, Google, Hankook, and Bridgestone each establishing a large presence in the city. The population within 5 miles of Assured Storage is 103,088 individuals, which is forecast to continue growing by 1.8% annually.

Priced at $9,800,000, Assured Storage is priced at a Year 2 8.49% cap rate and a Year 3 10.0% cap rate. The purchaser of this operation will financially benefit from the highly financeable in-place income stream while also having tremendous future upside through continued revenue growth as well as expansion opportunities.