Hometown Storage Portfolio | 55,500 SF | Trenton, TN

The Colliers Self Storage Group is pleased to exclusively offer to qualified investors the opportunity to purchase the Hometown Storage Portfolio located in Trenton, Tennessee.  Hometown Storage consist of 2 facilities located less than 1.5 miles apart in the affluent suburbs of the Jackson MSA. 

Hometown Storage - Trenton has been phase built since 2014 and consists of five single-story buildings with brick facades and metal interior partitions.   Sitting on approximately 3.35 acres, this facility offers tenants 44,700 rentable square feet and 322 units.  This facility provides a spacious management office, 17 24-hour video surveillance cameras, concrete drive aisles, full facility fencing with sliding gate, and security lighting throughout.   This location includes land and approvals for a future expansion along the right side of the parcel.

The Trenton North location is operated as a satellite and consists of three single-story metal buildings totaling 10,800 rentable square feet spread between 60 units.  This facility sits on approximately 1.05 acres and offers tenants wide asphalt drive aisles, sliding gate with keypad access, multiple 24-hour video surveillance cameras and abundant security lighting throughout.  Trenton North was originally built in 1990 but was completely renovated in May 2023. 

Offered at $5,310,000, the Hometown Storage Portfolio is priced at a stabilized 7.50% cap rate and just $95.68 psf.  This well-maintained portfolio will provide the purchaser with both stable in-place income as well as multiple upside opportunities.  The purchaser will have the immediate ability add additional units, grow the ancillary revenue streams, such as tenant insurance, POS, as well as implementing a revenue management strategy.  Each will have a substantial impact on this portfolio’s value.

For Sale