$8,340,000 | 60,870 SF | 1Up Storage | Chattanooga, TN

Colliers is pleased to present a rare investment opportunity for qualified investors to acquire an institutional-grade self-storage facility located at 4915 TN-58 in Chattanooga, Tennessee. Formerly a Honda motorcycle dealership, 1Up Self Storage was converted in May 2024.  This facility offers 60,870 rentable square feet across 427 units, with sizes ranging from 5’x5’ to 10’x30’. Additionally, there are two future expansion buildings approved where the current surface parking is located.  

Strategically positioned along the primary retail corridor of TN-58 (30,809 AADT) in the northeastern suburbs of Chattanooga, 1Up Self Storage benefits from its location in one of area’s fastest-growing communities.
The property comprises eight single-story buildings and a cell tower, situated on approximately 6.43 acres.  1Up Self Storage provides tenants with a premier storage experience, featuring a secure gated entrance with keypad-controlled access, a spacious management office, and multiple loading areas. Tenants also benefit from complimentary moving carts, LED lighting throughout the facility, and a well-maintained environment with extensive security measures, including 42 high-definition surveillance cameras and comprehensive exterior lighting.

The success of this prominent asset is underpinned by Chattanooga’s robust demographics. Strategically positioned in the heart of Hamilton County’s thriving growth corridor, the facility serves a five-mile trade area encompassing 75,163 residents, with a projected population growth of 3.1% by 2029. The surrounding area is home to the Volkswagen Plant and its supporting businesses, while national homebuilders are actively developing large-scale residential projects nearby. This vibrant community enjoys a remarkable median household income of $92,710.

Offered at $8,340,000, 1Up Self Storage is priced at a stabilized 7.25% cap rate and just $137.01 PSF. Investors will acquire a meticulously maintained facility with a proven track record of strong operating performance and attractive financial upside through continued expansion.  With a thriving local economy, and close proximity to Downtown Chattanooga as well as Chickamauga Lake, this asset presents a compelling self-storage investment opportunity with long-term value appreciation.