$11,510,000 | 76,075 SF | Assured Storage | Murfreesboro, TN

Colliers is pleased to present, exclusively to qualified investors, the opportunity to acquire Assured Storage of Murfreesboro, an institutional-grade self-storage facility strategically located along a four-lane major thoroughfare at 4205 Shelbyville Highway in Murfreesboro, Tennessee. Situated on approximately 6.79 acres, the property comprises nine single-story buildings and a two-story management office, which includes an unoccupied resident manager’s apartment. The facility offers 76,075 rentable square feet across 557 units, with unit sizes ranging from 5’x5’ to 10’x40’. Development was completed in phases between 2007 and 2023, ensuring modern construction standards and operational efficiency.
Included in the offering is an approximately 1.81-acre outparcel with 300 feet of frontage along Shelbyville Highway, providing potential for future development or enhanced visibility. The facility features a secure sliding gate with keypad access, a spacious management office, a two-bedroom, one-bath manager’s apartment, multiple 24-hour video surveillance cameras, extensive landscaping, and security lighting throughout the property.

Murfreesboro was recently ranked the 16th fastest growing city in the United States.  According to Yardi, the current saturation of climate-controlled units within a 5-mile radius is estimated at 3.46 square feet per person, well below the national average of 7 square feet per person. Total saturation within 5 miles is estimated at 9.24 square feet per person.  The surrounding area has strong demographics with a population density of over 51,486 residents within a five-mile radius, which is projected to grow by an additional 12% over the next 4 years.  The average household income within that same five-mile radius is $115,153.

Offered at $11,510,000, Assured Storage is priced at a stabilized 7.0% cap rate and $151.30 per rentable square foot. This asset represents a compelling investment opportunity in a high-growth corridor of the Nashville metropolitan area. Investors stand to benefit from strategic revenue optimization, future expansion potential, and the region’s sustained economic growth, proximity to major universities, and access to key commercial hubs.

For Sale