Matthews™ Completes Disposition of Class A Chattanooga Self-Storage Asset

CHATTANOOGA, TN—Matthews™, a commercial real estate investment services and technology firm, facilitated the sale of an Extra Space Storage managed facility located at 606 Manufacturers Rd in Chattanooga, TN. Senior Vice President & Director Austin McLeod and Associate Vice President Hunter Reynolds represented the seller in the transaction.

Located within the Northshore submarket, the property benefits from exceptional visibility along Highway 27, which sees nearly 75,000 vehicles per day, and serves one of the city’s fastest-growing residential and commercial corridors. Built in 2021, the Class A facility spans 75,520-square-feet across 574 climate-controlled storage units that are 95% occupied.

Seeking to redeploy capital into net lease investments, the seller, a developer, engaged Matthews™ to bring the property to market. Leveraging a long-standing relationship with the ownership and an extensive network of self-storage investors, the Matthews™ agents sourced a repeat private equity buyer based in New York attracted to the asset’s strong occupancy, institutional-quality construction, and long-term growth potential. Through a targeted marketing process and proactive transaction management, the agents successfully guided both parties to a smooth closing on schedule with no retrades.

“This transaction exemplifies the strength of our client relationships and our ability to connect sellers with the right buyers through our extensive network,” McLeod said. “By leveraging our deep understanding of the self-storage market and specific buyer preferences, we were able to achieve a seamless closing that underscores the efficiency and certainty of execution we bring to every deal.”

For more information, please contact Austin McLeod and Hunter Reynolds or visit www.matthews.com.

About Matthews™

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.