Go Store It Fund Adds Self-Storage Facility in Tennessee to Portfolio
Go Store It Opportunity Fund, LP, a $250 million self-storage investment fund managed by Madison Capital Group Holdings, has acquired a 313-unit, 47,250-square-foot self-storage facility in Gallatin, Tenn. The purchase price was not disclosed.
“We’re thrilled to announce our recent acquisition in Gallatin, Tennessee, a high-growth submarket that aligns perfectly with our strategic investment approach,” said Scott Hastings, chief financial officer of Go Store It Self Storage. “This property is a strong addition to our portfolio, enabling us to leverage our existing operational footprint to create efficiencies and reduce costs for our investors. The property offered a compelling acquisition basis, solid current income, and significant upside potential. We believe this asset represents a strong long-term investment opportunity.”
Located at 149 Goodview Way, Go Store It Self Storage leadership said the facility benefits from its position in one of the fastest-growing cities in Tennessee, just 30 miles northeast of Nashville. Gallatin has emerged as a hub for high-tech manufacturing and corporate expansion, with major employers including Facebook, Gap, Beretta, and Servpro Industries. The city ranks as the fifth-fastest-growing city in the state and continues to benefit from strong population and job growth, infrastructure investment and a business-friendly climate with no personal income tax.
“With three properties already under management in Sumner County, we’re excited to expand into Gallatin and bring our high-quality self-storage experience to a new community,” said Beau Agnello, chief operating officer of Go Store It Self Storage. “I’m proud of our team’s seamless onboarding to the Go Store It platform, ensuring customers enjoy a frictionless experience from day one.”
The Gallatin acquisition is part of the fund’s broader strategy to acquire and develop a diversified portfolio of self-storage assets in markets with strong demand drivers, primarily across the Sunbelt region. In addition to Gallatin, the fund has recently acquired a facility in Oak Ridge, Tenn., and is currently underway with a new development in Las Vegas.
Launched by Madison Capital Group Holdings in fall 2024, Go Store It Opportunity Fund, LP seeks to acquire and develop self-storage assets in high-growth markets benefiting from population and job expansion. Go Store It Self Storage, an affiliate of Madison Capital Group Holdings, is responsible for executing the fund’s investment strategy, leveraging its deep industry expertise and operational excellence.
In other news, Madison Capital Markets, an affiliate of Madison Capital Group Holdings, fully subscribed Madison Ridge DST last month. The nearly $77.7 million Delaware statutory trust investment offering launched in March 2024 and owns Madison Ridge, 240-unit luxury apartment community located the Greater Charlotte metro region.
Founded in 2013 in Charlotte, N.C., Go Store It Self Storage is a rapidly growing owner, operator and developer of self-storage properties. The company owns and operates more than 200 properties in 27 states.
With more than $6 billion in real estate transactions, Madison Capital Group, headquartered in Charlotte, N.C., is the parent entity of Go Store It Self-Storage, a non-traded direct investment sponsor emphasizing self-storage, and Madison Communities, a vertically integrated real estate development and investment firm dedicated to apartment communities throughout the Southeast.
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