Cherry Station Self-Storage

Investment Overview

Cherry Station Self Storage presents an attractive value-add investment opportunity in Clarksville, Tennessee, offering investors the ability to acquire an established self-storage asset with meaningful upside through rental-rate optimization, improved management efficiency, and enhanced revenue management. The property is currently operated with a largely self-service and contactless rental model, including online rentals, electronic gate access, video surveillance, and online account management. This operating structure creates an opportunity for a sophisticated owner-operator to implement more effective revenue management, streamline expenses, improve customer retention, and maximize the property's existing infrastructure.

Investment Highlights

• 356 units include 288 drive-up units and 68 uncovered parking spaces.
• 34,800 NRSF supports a broad mix from 5x10 through 12x30.
• 74.34% physical occupancy creates a defined lease-up opportunity.
• 60.86% economic occupancy signals added revenue-management potential.
• 39.14% reported variance supports potential rate and income growth.
• $222,444 current annual rent compares with $365,523 gross potential rent.
• $193,665 Year 1 NOI rises to $262,608 in Year 2.
• 100% interest offered, with seller financing strongly preferred.