Cherry Station Self-Storage

2359 Old Russellville Pike, Clarksville, TN 37040

Property Information

  • For Sale Contact Broker for Pricing
  • Property Type Industrial - Manufacturing
  • Property Size 34,800 SF
  • Units 356
  • Date Updated Sep 18, 2026
  • HVAC None

Description

Cherry Station Self Storage sits in Clarksville, Montgomery County, at 2359 Old Russellville Pike. The property serves a 2025 population of 4,115 within 1 mile, 36,889 within 3 miles, and 111,190 within 5 miles. The memorandum projects population growth of 5.25%, 5.22%, and 5.11% across those rings through 2030. Median household income reaches $75,596 within 3 miles and $71,577 within 5 miles.Cherry Station Self Storage presents an attractive value-add investment opportunity in Clarksville, Tennessee, offering investors the ability to acquire an established self-storage asset with meaningful upside through rental-rate optimization, improved management efficiency, and enhanced revenue management. The property is currently operated with a largely self-service and contactless rental model, including online rentals, electronic gate access, video surveillance, and online account management. This operating structure creates an opportunity for a sophisticated owner-operator to implement more effective revenue management, streamline expenses, improve customer retention, and maximize the property's existing infrastructure.

Highlights

  • $193,665 Year 1 NOI rises to $262,608 in Year 2.
  • $222,444 current annual rent compares with $365,523 gross potential rent.
  • 34,800 NRSF supports a broad mix from 5x10 through 12x30.
  • 356 units include 288 drive-up units and 68 uncovered parking spaces.
  • 39.14% reported variance supports potential rate and income growth.
  • 60.86% economic occupancy signals added revenue-management potential.
  • 74.34% physical occupancy creates a defined lease-up opportunity.

Contacts

Location

Located at 2359 Old Russellville Pike, Clarksville, TN 37040, this property is part of the Clarksville neighborhood.

Contact Listing Broker
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