Go Store It Acquires State-of-the-Art Self Storage Facility in Oak Ridge, Tennessee

Oak Ridge, Tenn. (Aug. 5, 2024)—Go Store It Self Storage, an affiliate of Madison Capital Group, has acquired a modern 54,565-square-foot self-storage facility at 500 Scarboro Lane in Oak Ridge, Tenn.

The addition marks Go Store Its 97th location, further solidifying its position as a leader in the privately owned self-storage industry.

"We are thrilled to add this exceptional facility to our portfolio," said Beau Agnello, Chief Operating Officer of Go Store It Self Storage. "This acquisition aligns with our growth strategy and commitment to providing best-in-class storage solutions in key markets. The Oak Ridge facility's strategic location and impressive amenities make it a valuable addition to our expanding footprint."

Situated on over four acres, Go Store It Oak Ridge has 515 storage units and is currently 91% leased. Its prime location along S Illinois Avenue, a bustling seven-lane thoroughfare with a daily traffic count of 26,857 vehicles, provides high visibility and accessibility.

The facility has been developed in phases since 1983 and comprises eleven single-story buildings with metal interior partitions. The amenities include a sliding gate with keycode access control, on-site resident manager's quarters, 24-hour video surveillance, well-lit aisles and security lighting, landscaping and wide drive aisles.

Strong demographics were a selling point of this property, with a population of 40,672 in a 5-mile radius and an average household income of $80,925. The climate-controlled saturation is a low 2.0 square feet per capita, ensuring demand for quality storage solutions.

"The consistent high occupancy and excellent operational performance of this facility are testaments to its quality and the demand for storage in the Oak Ridge area," said Adam Willey, Director of Operations at Go Store It. "We look forward to continuing to serve the community with our industry-leading service."

About Go Store It Self Storage

Based in Charlotte, North Carolina, Go Store It Self Storage is a privately held self-storage development and management company. GSI is dedicated to providing customer-focused storage solutions, exceptional customer service, and innovative concepts to the market. For more information about Go Store It Self Storage, please visit www.GoStoreIt.com.