Murfreesboro Self Storage (Life Managed)
Address: 2425 S Church Street Murfreesboro, TN 37127
Square Feet: 117,812
Buildings/Floors: 4 Property Portfolio
Year Built: 1995
Parking: 28 Spaces
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.