Assured Storage of Athens Portfolio 511 Old Riceville Rd Spécialité 12 412 m² À vendre Athens, TN 37303 14 288 558 € (1 151,20 €/m²)

Offering Website: http://www.assuredathensportfolio.com
Colliers is pleased to present, exclusively to qualified investors, the opportunity to acquire a
market-dominating self-storage portfolio in Athens, Tennessee. Assured Storage of Athens
comprises a primary facility at 511 Old Riceville Rd and four satellite locations, totaling 1,093
units and 133,600 SF. The satellite facilities are remotely managed from the Old Riceville
property, with the five locations currently maintaining a blended physical occupancy of 70.6%.
The Old Riceville facility features seven single-story metal buildings on approximately 2.86
acres. It offers tenants premium amenities, including a gated entrance with keycode access,
a spacious management office, multiple 24-hour video surveillance cameras, extensive
landscaping, concrete drive aisles, and comprehensive security lighting.
1300 Frye Road, located just 0.2 miles from the Old Riceville facility, was developed in 2018
and consists of three climate-controlled buildings and two non-climate buildings. The facility
is situated on 2.86 acres and boasts LED lighting throughout, a full perimeter fence, asphalt
drive aisles, prominent signage along Frye Street, and an electric sliding gate with keypad
access.
1238 Frye Road, positioned 0.3 miles from Old Riceville, is one of Athens’ original self-storage
facilities, developed between 1978 and 1989. This site includes nine block buildings and a
pad for a future tenth building. Covering 2.51 acres, it features a full perimeter fence, gravel
drive aisles, an on-site management office, and an electric sliding gate with keypad access.
2580 Ingleside Ave, located 3.7 miles from Old Riceville, was formerly Cleveland State
Community College. This 16,231 SF building sits on 4.65 acres and has been recently converted
into a climate-controlled storage facility with an additional 92 surface parking spaces for
boat/RV storage.
2576 Ingleside Ave, adjacent to 2580 Ingleside, consists of six single-story metal buildings
with gravel drive aisles on a 3.84-acre parcel. This facility is equipped with a full perimeter
fence, adequate security lighting, and an electric sliding gate with keypad access.
Offered at $16,180,000, Assured Storage is priced at a stabilized 7.75% cap rate and $121.11 per
square foot. This portfolio presents a unique opportunity for immediate market dominance
with multiple avenues for future expansion. Investor returns can be further enhanced
through a more aggressive revenue management strategy, ensuring these locations remain
the premier storage provider in Athens for years to come.