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| Rendering of Music City Self Storage Facility, Nashville, TN |
HOUSTON, TX –– Holliday
Fenoglio Fowler, L.P. (HFF) announces the sale of Music City Self Storage,
a newly constructed, 1,058-unit, state-of-the-art self storage facility in
Nashville, Tennessee.
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| Barbara Guffey |
The HFF team marketed the property
on behalf of the seller, Andover Management Group. AMERCO Real
Estate Company purchased the asset.
Completed in March 2018, Music
City Self Storage includes 969 climate-controlled units and 89 temperature- and
humidity-controlled wine storage lockers housed in one building.
The state-of-the-art building features a backup generator with
full building power capacity, 24-hour HD surveillance system, covered parking
and unloading areas and individual alarm units.
Situated on 1.69 acres at 506
Fesslers Lane, Music City Self Storage is one mile southeast from downtown
Nashville and on the I-24/I-40 corridor, a critical thoroughfare for the
city.
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| Jason Nettles |
The HFF investment advisory team
representing the seller included managing director Barbara Guffey and
senior managing director Jason Nettles.
“This was a great opportunity for
the buyer to strategically add to their existing Nashville portfolio with a
newly constructed and modernized Class A property in a high-growth market,”
Guffey said.
CONTACTS:
BARBARA GUFFEY
HFF Managing Director
(713) 852-3500
JASON NETTLES
TN Lic. #00319495
HFF Senior Managing Director
(404) 832-8460
KIMBERLY STEELE
HFF Digital Content/Public
Relations Specialist
(713) 852-3420
1 comment:
The 2nd point listed by the writer was an eye-opener for me. I will surely consider these pointers before hiring a service provider for self-storage in Birmingham.
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