Self Storage

Industrial for Sale
Catylist Listing ID: 30716758
Property Subtypes: Self Storage
Building Size (RSF): 20,476 SF
Gross Building Area: See Agent
Sale Price: $1,175,000
Unit Price: $57.38 PSF
Ceiling: 10 ft. Clear
Docks/Doors: 152 Doors
Office SF: 100 SF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: 6.3%
Average Occupancy Rate: 83
Last Updated: 5/11/2021

Overview / Comments

Great opportunity to own a cash flowing, turn key Self Storage Facility. Great 1031 exchange opportunity or conventional purchase for the investor looking for steady income with upside. Facility has been recently modernized with automation, new gate security, technology, new Led lighting through out and is set up for off-site management. Sellers have made great strides in enhanced customer service, electronic payments, security, and property improvements. There is room for future expansion in square footage and units along with room for a price increase on existing units. This Mini Storage Facility has seen a 20% growth in occupancy over the last 2 years. Seller would be willing to continue to manage future operations for new owner. Buyer will be asked to sign a NDA to gain access to financials

Additional Details

Nearest MSA: Battle Creek
County: Calhoun
Tax ID/APN: 02-015-032-10
Zoning: CHWY
Highway Access: M-66
Site Description: Fenced Storage
Area Description: Flat open 5 acres, small stream
Tenancy: Multiple Tenants
Total Number of Buildings: 8
Number of Stories: 1
Property Condition: Average
Year Built: 1995
Year Renovated: 2019
Construction/Siding: Metal Siding
Exterior Description: Class C Self Storage
Parking Description: Cement driveways
Overhead Cranes: Undisclosed
Sprinklers: None
Lighting: LED
Zoning Description: C-HWy allowing for Self Storage
Water Service: Well
Sewer Type: Septic
Legal Description: ATHENS TWP/T4S R8W, SEC 15: COMM AT S 1/4 COR N00DEG 30'16"E 151.60 FT TO C/L OF M-66 HWY N26DEG 11'26"E ALNG SD C/L 450.63 FT TO TRUE P.O.B., TH N26DEG 11'26"E ALNG SD C/L 854.00 FT N89DEG 52'47"E 451.00 FT S21DEG 01'50"W 560.46 FT N75DEG 28'19"W 184.71 FT N71DEG 14'10"W 278.10 FT P.O.B. (5.00 AC +/-)

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,443 5,123
Median Age: 42.41 41.02
Households: 958 2,017

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