Tuesday, November 20, 2018

HFF announces sale of newly constructed self storage facility in Nashville, TN


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. 

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. 

Jason Nettles
This highly visible location is seen by more than 175,000 vehicles a day.  More than 82,741 residents earning an average annual household income of $70,399 live within a three-mile radius of the facility.

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:

  1. 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.

    ReplyDelete