SOURCE: John Dixon & Associates

John Dixon & Associates

October 06, 2010 11:45 ET

Hixson Storage Facility to Sell at Auction Nov. 4

CHATTANOOGA, TN--(Marketwire - October 6, 2010) -  A 672-unit storage facility at Chattanooga's Dallas Hollow Road and Hixson Pike will sell at auction Thursday, Nov. 4, with John Dixon & Associates managing the sale.

The 82,000-square-foot facility, operating under the name of Total Storage Inc., is being sold as part of a dissolution of a partnership of the owners, according to Henry Glascock, who manages Tennessee operations for the company.

"This is a well-built, modern facility in an excellent location, with 672 units, including 259 units that are climate controlled. It has 43 units of storage for RVs, boats and other vehicles kept for occasional use. Its potential is unlimited," said Glascock.

"Unfortunately, the business has not reached its potential due to a disagreement among the partners, and their attorneys have instructed that it be sold at auction. The sellers are motivated and are prepared to accept a substantial loss. As a result, this presents a great opportunity for someone to get a facility with a tremendous upside," he said. "This is in one of the fastest growing areas of Hamilton County, with a lot of nearby residences, which represent potential clients for the business."

Detailed information on the facility, including historical and current occupancy rates, income statements and tax records, is available at www.johndixon.com or by calling 800-479-1763.

John Dixon & Associates is a leading auctioneer of bank-owned properties. Individuals interested in additional information about the company or its future sales may visit johndixon.com or call 800-479-1763. More auction information.

Contact Information

  • For more information:
    Carl Carter
    (205) 823-1024

    Lindsay Fernandes
    (205) 909-3705