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Self-Storage Facility

Osprey Storage - Shaver

9114 Shaver Rd, Portage, MI 49024

Listing Price: $7,350,000

Cap Rate
4.75%
Number of Units
444
Occupancy
85.0%
Rentable SF
54,400
Price/Rentable SF
$135.11
Year Built
1988

Investment Overview

Marcus & Millichap is pleased to offer for sale The Osprey Storage Three Property Portfolio located in Minnesota, Colorado, and Michigan. This portfolio combines to feature 1,658 non-climate units and one apartment totaling 266,060 net rentable square-feet. This is a stabilized and cash-flowing portfolio with a combined physical occupancy of 88.89 percent. The Osprey Storage Three Property Portfolio combines to sit on 29.05 acres of land.

Investment Highlights

  • Three Property Self-Storage Portfolio located in Minnesota, Colorado, and Michigan
  • Combined 266,060 Net Rentable Square-Feet; 1,658 Non-Climate Units and One Apartment
  • Stabilized Facilities – Combined 88.89 Percent Physical Occupancy
  • Each Facility has Excellent Visibility

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

Osprey Storage - Shaver

Listing Price: $7,350,000

Cap Rate
4.75%
Number of Units
444
Occupancy
85.0%
Rentable SF
54,400
Price/Rentable SF
$135.11
Year Built
1988

Investment Highlights

  • Three Property Self-Storage Portfolio located in Minnesota, Colorado, and Michigan
  • Combined 266,060 Net Rentable Square-Feet; 1,658 Non-Climate Units and One Apartment
  • Stabilized Facilities – Combined 88.89 Percent Physical Occupancy
  • Each Facility has Excellent Visibility

Investment Overview

Marcus & Millichap is pleased to offer for sale The Osprey Storage Three Property Portfolio located in Minnesota, Colorado, and Michigan. This portfolio combines to feature 1,658 non-climate units and one apartment totaling 266,060 net rentable square-feet. This is a stabilized and cash-flowing portfolio with a combined physical occupancy of 88.89 percent. The Osprey Storage Three Property Portfolio combines to sit on 29.05 acres of land.

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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