Self-Storage Facility with Climate-Controlled
New
For Sale
$10,500,000
3430 N Highland Ave, Jackson, TN 38305
Multi-building storage property with gated entry, surveillance, security lighting, and drive aisles designed for convenient circulation.
Property Size99,250 SF
Lot Size13.50 Acres
Price / SF$105.79
Days on Market3
Property Features for 3430 N Highland Ave
General Information
Standard status
Active
Size
99,250 SF
Total Parking Spaces
50
Lot size
13.50 Acres
Property subtype
Self Storage
Financials
Asking Price
$10,500,000
Cap Rate
5.49%
Additional Details
Fenced Yard
Yes
Self-Storage Units
756
Amenities
gated keypad access
management office
24-hour video surveillance
security lighting
wide drive aisles
Building Details
Year Built
1996
Buildings
29
Stories
1
Listing Agency:
Nashville
(615) 850-2774
Listed By:
Ashley Compton · License #77340
(615) 850-2774
Source:
Colliers
Added: Aug 9
Changed: Aug 10
Last Checked: Aug 11 at 4:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nashville
Investment Insights
Based on property information with market context.
Assured Storage – Metro is a self-storage facility at 3430 N. Highland Avenue in Jackson, Tennessee, comprising 99,250 rentable square feet across 756 units and 29 single-story buildings on approximately 13.5 acres. The property includes 85,600 square feet of non-climate-controlled space, 13,650 square feet of climate-controlled space, and 50 surface parking spaces. Improvements were completed in phases, with original construction in 1996, an expansion in 2003, and the latest addition in 2021.
Facility features include gated keypad access, a management office, 24-hour video surveillance, security lighting, and wide drive aisles. The property is positioned along a commercial corridor with exposure to 17,852 vehicles per day. Approximately 57,514 residents live within five miles, average household income in that area is $91,600, and renter-occupied housing accounts for 38.6% of local housing units. The offering includes a rear area identified for possible future expansion, subject to municipal review and approval.
Facility features include gated keypad access, a management office, 24-hour video surveillance, security lighting, and wide drive aisles. The property is positioned along a commercial corridor with exposure to 17,852 vehicles per day. Approximately 57,514 residents live within five miles, average household income in that area is $91,600, and renter-occupied housing accounts for 38.6% of local housing units. The offering includes a rear area identified for possible future expansion, subject to municipal review and approval.
Key Highlights
- 99,250 rentable SF across 756 units and 29 single‑story buildings
- Approximately 13.5 acres with 50 surface parking spaces
- 85,600 SF non‑climate‑controlled and 13,650 SF climate‑controlled storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$877,636
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$17,552,720
$17.6M
Cap Rate 7%
$12,537,657
$12.5M
Cap Rate 9%
$9,751,511
$9.8M
Market Conditions
NOI Build-Up for 99,250 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$1.31M $13.20/SF
− Vacancy
−$56.3K −$0.57/SF
EGI
$1.25M $12.63/SF
− OpEx
−$376.1K −$3.79/SF
NOI
$877.6K $8.84/SF
Area
Madison County, TN
Vacancy
4.30%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$17,552,720
Cap Rate 7%
$12,537,657
Cap Rate 9%
$9,751,511
Alternative Uses
Best Use
Self Storage
$12.54M
$10.97M – $14.63M
NOI $877,636 @ 7.0% cap · market cap 8.36%
Second Best
Warehouse
$11.29M
$9.88M – $13.17M
NOI $790,354 @ 7.0% cap · market cap 7.53%
Theoretical Best
Office A
$20.44M
$17.88M – $23.84M
NOI $1,430,629 @ 7.0% cap · market cap 13.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
449
Businesses Nearby
Explore this area
Business Placement
Demographics for 38305, TN
52,686
Population
22,950
Households
2.3
Avg Household Size
40
Median Age
32%
College-Educated
94%
High-School Grad
128.0 sq mi
ZIP Area
412
Density / Sq Mi
$66,292
Median Household Income
$37,416
Median Earnings
$1,201
Median Rent
$221,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Multi-building storage property with gated entry, surveillance, security lighting, and drive aisles designed for convenient circulation.
Where is this self storage facility located?
The property is located at 3430 N Highland Ave Jackson, TN.
What is the asking price?
The asking price for this property is $10,500,000.
What are key features of this property?
This property features: 99,250 rentable SF across 756 units and 29 single‑story buildings; Approximately 13.5 acres with 50 surface parking spaces; 85,600 SF non‑climate‑controlled and 13,650 SF climate‑controlled storage
