Proffitt Dixon Partners acquires Charlotte Pike Storage
Proffitt Dixon Partners has bought Charlotte Pike Storage for $16.1 million. HFF represented the seller, provident realty Advisors, in the transaction.
In addition to this, HFF secured $11.1 million acquisition financing on behalf of the buyer, through Texas Capital Bank.Public Storage will be the manager of the storage asset.
HFF’s brokerage team included Managing Director barbara Guffey and Senior Managing Director Jason Nettles, while the debt placement team consisted of Managing Director Brent Bowman and Managing Director Travis Anderson.
The 88,175 square foot Charlotte Pike Storage was completed in October 2018. The single building facility encompasses 952 climate controlled units, ranging from 25 to 300 square feet. The asset is gated and features security cameras and parking spaces. other services provided include 24 gour access and on site management.
The storage is located at 512 26th Avenue. The property is surrounded by residential neighborhoods, such as West End, Belle Meade and Sylvan Park. In addition, the asset is situated merely 2 miles from downtown Nashville.
Source: CP Executive
Fulya Altunyay/[email protected]