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Self-Storage Facility

The Storage Group Portfolio

3495 Farr Rd, Fruitport Charter Township, MI 49415

Listing Price: $52,000,000

Cap Rate
4.28%
Number of Units
3,055
Occupancy
91.0%
Rentable SF
489,019
Price/Rentable SF
$106.34
Year Built
1995

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale The Storage Group 15 Property Portfolio located in Western Michigan. The portfolio combines to feature 489,019 net rentable square feet with 3,055 total units. The portfolio is over 90 percent occupied and a number of the locations have expansion potential. The sites all have excellent visibility and are easily accessible and are located within an affluent and growing market.

Investment Highlights

  • Western Michigan 15 Property Self-Storage Portfolio
  • Mix of Non-Climate-Controlled & Climate-Controlled Units
  • 100 New Units to be Completed by June 2022
  • 24-Hour Video Surveillance at All Locations / Keypad, Gated Entry
  • Ample Expansion Room Available at Several Locations

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Financing By

Self-Storage Facility

The Storage Group Portfolio

Listing Price: $52,000,000

Cap Rate
4.28%
Number of Units
3,055
Occupancy
91.0%
Rentable SF
489,019
Price/Rentable SF
$106.34
Year Built
1995

Investment Highlights

  • Western Michigan 15 Property Self-Storage Portfolio
  • Mix of Non-Climate-Controlled & Climate-Controlled Units
  • 100 New Units to be Completed by June 2022
  • 24-Hour Video Surveillance at All Locations / Keypad, Gated Entry
  • Ample Expansion Room Available at Several Locations

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale The Storage Group 15 Property Portfolio located in Western Michigan. The portfolio combines to feature 489,019 net rentable square feet with 3,055 total units. The portfolio is over 90 percent occupied and a number of the locations have expansion potential. The sites all have excellent visibility and are easily accessible and are located within an affluent and growing market.

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

Financing By

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