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TennesseeCRE

EquiCap Commercial sells Tennessee-based self-storage portfolio

February 20, 2018
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EquiCap Commercial, acting as co-broker with Grisanti Group of the Argus Self Storage Network, recently closed the sale of the East Hickman Self Storage portfolio in Lyles, Tennessee.

This deal represents an off-market transaction, where the seller was looking to access the equity in the facility as a means of leveraging into a larger operation.

EquiCap Commercial previously sold this property to the current seller for $1.65 million in July of 2016. The owner then sold it for $2.72 million, resulting in $1.07 million in equity in just 18 months.

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East HickmanEquiCap CommercialLylesself-storageTennessee
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