Three-Property Self-Storage
For Sale
Contact for pricing
444 Wiley Parker Rd, Jackson, TN 38305
Portfolio includes 1,912 units across 254,990 rentable square feet with gated access and full perimeter security.
Property Size254,990 SF
Price / SF$115.77
Days on Market208
Property Features for 444 Wiley Parker Rd
General Information
Standard status
Active
Size
254,990 SF
Property subtype
INDUSTRIAL
Additional Details
Fenced Yard
Yes
Amenities
on-site management offices
access control systems with sliding gates
full perimeter fencing
extensive security camera coverage
wide drive aisles
well-maintained landscaping
Listing Agency:
Colliers | Nashville
(615) 850-2700
Listed By:
Ashley Compton · License #77340
(615) 734-9541
Source:
Moodyscre
Added: Feb 16
Changed: Sep 9
Last Checked: Sep 12 at 9:41AM
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 Colliers | Nashville
Investment Insights
Based on property information with market context.
Assured Storage Jackson Portfolio offers three well-maintained self-storage facilities totaling 254,990 rentable square feet and 1,912 units. Each facility includes on-site management offices, access control with sliding gates, full perimeter fencing, extensive security camera coverage, wide drive aisles, and well-maintained landscaping.
The portfolio is located in Jackson, Tennessee. The Metro and North Parkway locations include additional land for future expansion, supporting a potential pathway for adding capacity beyond the current unit mix.
Offered as a single transaction, this three-property package is positioned for long-term stability with in-place revenue across the portfolio, along with value-add opportunities described as enhanced revenue management strategies. The offering is intended for qualified investors seeking a geographically concentrated self-storage platform in Jackson.
The portfolio is located in Jackson, Tennessee. The Metro and North Parkway locations include additional land for future expansion, supporting a potential pathway for adding capacity beyond the current unit mix.
Offered as a single transaction, this three-property package is positioned for long-term stability with in-place revenue across the portfolio, along with value-add opportunities described as enhanced revenue management strategies. The offering is intended for qualified investors seeking a geographically concentrated self-storage platform in Jackson.
Key Highlights
- Three‑property self‑storage portfolio totaling 254,990 rentable SF across 1,912 units
- Offered at $29,520,000 ($115.77 per SF)
- Each facility includes on‑site management offices and access control with sliding gates
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
$2,254,795
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
7.64%
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%
$45,095,900
$45.1M
Cap Rate 7%
$32,211,357
$32.2M
Cap Rate 9%
$25,053,278
$25.1M
Market Conditions
NOI Build-Up for 254,990 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
$3.37M $13.20/SF
− Vacancy
−$144.7K −$0.57/SF
EGI
$3.22M $12.63/SF
− OpEx
−$966.3K −$3.79/SF
NOI
$2.25M $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%
$45,095,900
Cap Rate 7%
$32,211,357
Cap Rate 9%
$25,053,278
Alternative Uses
Best Use
Self Storage
$32.21M
$28.18M – $37.58M
NOI $2,254,795 @ 7.0% cap · market cap 7.64%
Second Best
Warehouse
$29.01M
$25.38M – $33.84M
NOI $2,030,554 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$52.51M
$45.94M – $61.26M
NOI $3,675,528 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
939
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Self storage facility - Portfolio includes 1,912 units across 254,990 rentable square feet with gated access and full perimeter security.
Where is this self storage facility located?
The property is located at 444 Wiley Parker Rd Jackson, TN.
What is the asking price?
The asking price for this property is $29,520,000.
What are key features of this property?
This property features: Three‑property self‑storage portfolio totaling 254,990 rentable SF across 1,912 units; Offered at $29,520,000 ($115.77 per SF); Each facility includes on‑site management offices and access control with sliding gates
