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Natchez Group develops self-storage facility in Hendersonville, TN
The property will have 70,000 square feet of storage space

February 6, 2018: Self-storage developer The Natchez Group received preliminary approval in late December to build a new facility in Hendersonville, Tenn. The company is working with the city’s planning department to finalize the project design and hopes to break ground in the spring, according to a press release.

The property features will include climate control, keypad entry and video cameras.

www.insideselfstorage.com Reports:
This site is an infill location and in an area with solid incomes. The surrounding competitors offer older, first generation, non-climate-controlled product,” said Beau Fowler, managing partner. “We believe this new project will lease up at a rapid pace with very strong rent rates.”

Natchez has yet to secure financing for the development, but anticipates working with a local or regional bank, the release stated.

The developer has several projects underway in the state, including a three-story facility in Spring Hill. Its two other projects, in Franklin and Nashville, are being developed in a joint venture with Atlas Real Estate Partners, a New York-based private investment firm.

Source: www.insideselfstorage.com