Murfreesboro Self Storage (Life Managed)

Murfreesboro Self Storage (Life Managed)

Murfreesboro, TN

Address: 2425 S Church Street Murfreesboro, TN 37127

Units: 889

Square Feet: 117,812

Buildings/Floors: 4 Property Portfolio

Year Built: 1995

Parking: 28 Spaces

Value Proposition:

The Murfreesboro Self Storage Portfolio fits into Wedgewood’s value-add self storage mandate. At acquisition, the portfolio was over 95% occupied but rents were well below market. Wedgewood plans on implementing an aggressive rate increase strategy which will lead to a significant amount of value creation.