{"id":1004274602,"date":"2018-10-26T06:48:48","date_gmt":"2018-10-26T14:48:48","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004274602"},"modified":"2022-12-08T15:14:17","modified_gmt":"2022-12-08T23:14:17","slug":"equicap-brokers-sale-of-tn-storage-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/equicap-brokers-sale-of-tn-storage-facility\/","title":{"rendered":"EquiCap Brokers Sale of TN Storage Facility"},"content":{"rendered":"<p>By Evelyn Jozsa<\/p>\n<div id=\"attachment_1004274605\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/storage-workers.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004274605\" data-attachment-id=\"1004274605\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/equicap-brokers-sale-of-tn-storage-facility\/storage-workers\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/storage-workers.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Storage Works\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Storage Works&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/storage-workers.jpg?w=800\" class=\"wp-image-1004274605 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/storage-workers.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/storage-workers.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/storage-workers.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/storage-workers.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004274605\" class=\"wp-caption-text\">Storage Works<\/p><\/div>\n<p>EquiCap Commercial has arranged the sale of Storage Works, a 42,450-net-rentable-square-foot facility in Soddy Daisy, Tenn. The brokerage firm worked together with Marcus &amp; Millichap\u2019s Tennessee-based self-storage broker. The property traded in an off-market transaction to a 1031 exchange buyer. The transaction also included one acre of vacant land which provides the opportunity for expansion.<\/p>\n<p>Located at 8701 Dayton Pike, the storage property is near Freeway 27, around 15 miles from downtown Chattanooga, and is exposed to more than 8,400 cars per day. In addition, the facility is situated near apartment communities, such as the 80-unit Vista Ridge and 69-unit Blackberry Creek. Built in 2008, Storage Works occupies 4.7-acres and comprises units ranging from 100 to 300 square feet, Yardi Matrix data shows. Other characteristics of the storage&nbsp;asset include security cameras, climate control and on-site management.<\/p>\n<p>EquiCap Commercial\u2019s Jesse Luke arranged the transaction. Earlier this year, the firm also brokered the <a href=\"https:\/\/www.commercialsearch.com\/news\/equicap-arranges-sale-of-in-facility\/\">sale of Merrillville Storage<\/a> in Merrillville, Ind.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The self-storage property in Soddy Daisy traded in an off-market transaction to a 1031 exchange buyer. The asset is approximately 15 miles from downtown Chattanooga. <\/p>\n","protected":false},"author":871,"featured_media":1004274605,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,13,21742],"tags":[38612,34836],"class_list":["post-1004274602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-midwest","category-latest","tag-equicap","tag-marcus-millichap"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EquiCap Brokers Sale of TN Storage Facility - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/equicap-brokers-sale-of-tn-storage-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EquiCap Brokers Sale of TN Storage Facility\" \/>\n<meta property=\"og:description\" content=\"The self-storage property in Soddy Daisy traded in an off-market transaction to a 1031 exchange buyer. 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