4915 Highway 58 60,757 SF Specialty Building Offered at $8,340,000 at a 7.25% Cap Rate in Chattanooga, TN 37416

Colliers is pleased to present a rare investment opportunity for qualified investors to
acquire an institutional-grade self-storage facility located at 4915 TN-58 in Chattanooga,
Tennessee. Formerly a Honda motorcycle dealership, 1Up Self Storage was converted
in May 2024. This facility offers 60,757 rentable square feet across 429 units, with sizes
ranging from 5’x5’ to 10’x30’. Additionally, there are two future expansion buildings
approved where the current surface parking is located.
Strategically positioned along the primary retail corridor of TN-58 (30,809 AADT) in the
northeastern suburbs of Chattanooga, 1Up Self Storage benefits from its location in
one of area’s fastest-growing communities.
The property comprises eight single-story buildings and a cell tower, situated on
approximately 6.43 acres. 1Up Self Storage provides tenants with a premier storage
experience, featuring a secure gated entrance with keypad-controlled access, a
spacious management office, and multiple loading areas. Tenants also benefit from
complimentary moving carts, LED lighting throughout the facility, and a well-maintained
environment with extensive security measures, including 42 high-definition surveillance
cameras and comprehensive exterior lighting.
The success of this prominent asset is underpinned by Chattanooga’s robust
demographics. Strategically positioned in the heart of Hamilton County’s thriving growth
corridor, the facility serves a five-mile trade area encompassing 76,434 residents, with
a projected population growth of 2.7% by 2029. The surrounding area is home to the
Volkswagen Plant and its supporting businesses, while national homebuilders are
actively developing large-scale residential projects nearby. This vibrant community
enjoys a remarkable median household income of $95,089.
Offered at $8,340,000, 1Up Self Storage is priced at a stabilized 7.25% cap rate and just
$137.27 PSF. Investors will acquire a meticulously maintained facility with a proven
track record of strong operating performance and attractive financial upside through
continued expansion. With a thriving local economy, and close proximity to Downtown
Chattanooga as well as Chickamauga Lake, this asset presents a compelling self-storage
investment opportunity with long-term value appreciation.