New York-Based Private Equity Firm Acquires 574-Unit Self Storage Facility In Chattanooga For Undisclosed Price

A self-storage facility located at 606 Manufacturers Road in Chattanooga, TN has been sold. The asset comprises 75,520 square feet of rentable climate-controlled space and includes a total of 574 units. At the time of closing, the property was operating at a 95% occupancy rate. The facility was built in 2021 and has now transitioned to new ownership.

Summary of transation details:

• Property Type: Self Storage
• Transaction Amount: Undisclosed
• Address: 606 Manufacturers Road
• Market: Chattanooga, TN
• Square Footage: 75,520
• Number of Units: 574
• Occupancy Rate: 95% at closing
• Sale Date: 08/18/2026

A developer, whose name has not been disclosed, sold the property to a New York-based private equity firm. The brokerage firm Matthews facilitated the sale, with Austin McLeod and Hunter Reynolds representing the seller during the transaction.