Southkent Self Storage

Retail-Commercial for Sale
Southkent Self Storage
Catylist Listing ID: 30179584
Building Size (RSF): 40,732 SF
Gross Land Area: 3.40 Acres
Sale Price: $2,895,000
Unit Price: $71.07 PSF
Ceiling: 14 ft.
Property Use Type: Investment
Building Name: Southkent Self Storage
Sale Terms: Cash to Seller
Cap Rate: 6.15%
Last Updated: 7/22/2018

Overview / Comments

Fantastic investment opportunity in Kent County. Located within a quarter mile of M-6 and just off of Broadmoor Avenue. This well maintained, 5 building, 278 unit self storage property is an excellent opportunity with upside. There is room to add another 6,000 square feet of building and increase occupancy rates. There is continued growth in the area with Davenport University as a neighbor. Close to roof-tops, industrial and office users.

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: Airport District
Submarket Type: Airport District
Taxing Authority: Caledonia Township
Tax ID/APN: 41-23-07-227-004
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business
Property Located Between: Just east of Broadmoor Avenue.
Property Visibility: Excellent
Largest Nearby Street: Broadmoor.
Highway Access: Closet to M-6 and within a few miles of I-96 and US-131.
Airports: Located within a few miles of the main airport serving Grand Rapids.
Site Description: Flat parcel with easy access to all areas of SE Kent County.
Area Description: Numerous roof tops within a few miles. There are several industrial and office users in close proximity.
Tenancy: Single Tenant
Total Number of Buildings: 5
Number of Stories: 1
Typical SF / Floor: 8,000 SF
Property Condition: Excellent
Construction/Siding: Aluminum Siding
Exterior Description: Standard metal sided buildings with pitched roofs.
Parking Type: Surface
Parking Description: Asphalt parking and drives. Gravel area for expansion and the parking of boats, motor homes etc...
Sprinklers: None

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,346 11,343 63,956
Median Age: 37.35 34.17 37.11
Households: 751 4,048 24,728

Contact

Photograph of Listing Agent

Kevin Joseph Lipke

Sperry Van Ness/Silveri Company
CARWM Member
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