Franklin Storage @ Downs Blvd

Franklin Storage @ Downs Blvd

Franklin, TN

Address: 500 Downs Blvd, Franklin, TN

Land: 108,900 SF (2.5 acres)

Self Storage Units: 701 units

Square Feet: 77,450

Buildings/Floors: 1 three-story building

Year Built: October 2017

Parking: 12 Spaces

Security Features: Controlled Access with Intercom System

Lighting: Energy Efficient LED Lighting

Anticipated Stabilization Date: 3Q 2020

Visibility: 9,686 Vehicles Per Day

Value Proposition: Wedgewood spent 18+ months to gain the required entitlements for this site allowing us to out position all competition in the high demographic Franklin, TN market. This project was sold in the second quarter of 2020 to a California based buyer at a deal level 2.4x equity multiple and 26.46% IRR.