Extra Space Storage Chattanooga

Location: Chattanooga, TN
Type: Self Storage
Price: $ 2,388,000

Extra Space Chattanooga Storage is an eleven-building, 583-unit self-storage facility originally developed in 1986 and renovated and expanded in 1999. Extra Space is comprised of a mix of climate controlled and non-climate controlled units ranging in size from 25 square feet to 600 square feet, totaling 69,225 net rentable square feet. This transaction was part of a 3 property portfolio that was financed with a 30-year amortization. This specific transaction had a 71% loan-to-cost and 63% loan-to-value.