CBRE’S NATIONAL SELF-STORAGE ADVISORY GROUP CLOSES ON NASHVILLE PORTFOLIO

amanda.piatt@cbre.com Bridgette Bonner +1 404 504 5961 Bridgette.bonner@cbre.com

CBRE’S NATIONAL SELF-STORAGE ADVISORY GROUP CLOSES ON NASHVILLE PORTFOLIO

[caption id="attachment_9138" align="alignright" width="300"] Campbell Station Self Storage[/caption] Nashville– February 20, 2015 – CBRE’s Ashley Compton, First Vice President of the Self Storage Advisory Group, has facilitated the sale of a Class A, self-storage portfolio totaling 206,260 rentable square feet in the Nashville metro area. The portfolio’s asking price was just over $16 million and included assets in three desirable submarkets. Mt. Juliet’s Quarry Loop offers a 69,725-sq.ft. facility; Lebanon’s Maddox Simpson includes 59,700 square feet; and Spring Hill’s Campbell Station brought 76,835 square feet to market. [caption id="attachment_9139" align="alignleft" width="300"] Maddox Simpson[/caption] “This was a rare offering as being able to purchase this amount of superior self-storage square footage in Nashville in one deal doesn’t happen very often,” said Compton. The strength of the submarkets where each facility is located was also a desirable selling point. According to CBRE Research, all markets have shown significant and steady signs of economic growth over the past year boasting 4,000 new jobs coming to these areas alone. [caption id="attachment_9140" align="alignright" width="300"] Quarry Loop[/caption] Compton represented the owner on the sale, a private investor out of New York. Simply Self Storage, a national operator based in Orlando, acquired the portfolio.