Marcus & Millichap closed the sale of Chattanooga Hwy 58 Self Storage, a 23,720-square-foot self-storage facility in Chattanooga, Tennessee.
Gabriel Coe, Brett Hatcher and Nathan Coe, investment specialists in Marcus & Millichap’s Columbus office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was secured and represented by Gabriel Coe, Hatcher and Nathan Coe. Jody McKibben, Tennessee Broker of Record, assisted in closing this transaction.
Chattanooga Hwy 58 Self Storage features 16 climate-controlled units, 147 non-climate-controlled units and four office spaces totaling 23,720 net rentable square feet. It also offers 10 outdoor uncovered parking spaces available for rent. The facility has been able to maintain strong historical occupancy rates and is currently 94 percent occupied.