New York-Based Private Equity Firm Acquires 574-Unit Self Storage Facility In Chattanooga For Undisclosed Price
606 Manufacturers Road
Building Size
75,520 SF
Asset Type
Self Storage
Closing
Aug 18, 2026
AI
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.
Players
Chattanooga Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93