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Self-Storage Facility

Access Mini Storage

3440 88th Ave, Zeeland, MI 49464

Listing Price: $9,500,000

Cap Rate
5.32%
Number of Units
496
Occupancy
82.3%
Rentable SF
94,715
Price/Rentable SF
$100.30
Year Built
2001

Investment Overview

Access Mini Storage is a 96,715 net-rentable square foot self-storage property located at 3440 88th Avenue in Zeeland, Michigan. Situated on approximately 9.64 acres, this property offers 496 non-climate-controlled units and 38 outdoor parking spaces. The facility is fully fenced with state-of-the-art security, 22 surveillance cameras, gated keypad access and an on-site rental/management office. The property offers approved, permit ready expansion of +/-22,700 square feet in three additional buildings. The proposed expansion plans include one 8,400 square foot building, one 8,000 square foot building and one 6,300 square foot building. Reference the Site Layout Plan. Access Mini Storage is located approximately 4 miles from Holland and 15 miles from Grand Rapids. The property is less than 2.5 miles from Highway 196 and other major roadways and is surrounded by bustling industrial and manufacturing hubs. Zeeland is home to several world-renowned companies including Plascore (Honeycomb manufacturing), Mead Johnson and HermanMiller. Located less than a mile from Access Mini Storage, Zeeland is also the headquarters of Gentex Corporation, a high-tech supplier for automotive, aerospace and commercial fire protection industries. Gentex is currently growing their company footprint in Zeeland with expansion projects to their corporate campus, distribution center and processing facility. Gentex is expected to invest over $300 million in these projects which are believed to create at least 500 new jobs over the next three years. The property also benefits from the numerous multifamily developments close-by. Logan Estates, a large, manufactured housing community, is adjacent to the property. Additionally, the property is less than five miles from US-31, a major retail corridor that includes Ace Hardware, Walgreens, Kohl’s, Meijer, Target, Sam’s Club, Walmart Supercenter and others. The 2021 estimated five-mile population is 44,367 with approximately 17,268 households. As of 2021, the estimated average household income within five miles is $85,218 and per capita income of $31,651.

Investment Highlights

  • 96,715 Net-Rentable Square Feet
  • 496 Non-Climate-Controlled Units | 38 Outdoor Parking Spaces
  • Trachte Buildings with Standing Seam Roofs
  • 97% Physically Occupied as of July 31, 2022
  • Permit Ready Three Building Expansion | +/- 22,700 SF
  • Only 5.9 Square Feet/Capita in 3-Mile Radius
  • On-Site Office with Rental Kiosk
  • 22 Camera Video Surveillance System

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

Access Mini Storage

Listing Price: $9,500,000

Cap Rate
5.32%
Number of Units
496
Occupancy
82.3%
Rentable SF
94,715
Price/Rentable SF
$100.30
Year Built
2001

Investment Highlights

  • 96,715 Net-Rentable Square Feet
  • 496 Non-Climate-Controlled Units | 38 Outdoor Parking Spaces
  • Trachte Buildings with Standing Seam Roofs
  • 97% Physically Occupied as of July 31, 2022
  • Permit Ready Three Building Expansion | +/- 22,700 SF
  • Only 5.9 Square Feet/Capita in 3-Mile Radius
  • On-Site Office with Rental Kiosk
  • 22 Camera Video Surveillance System

Investment Overview

Access Mini Storage is a 96,715 net-rentable square foot self-storage property located at 3440 88th Avenue in Zeeland, Michigan. Situated on approximately 9.64 acres, this property offers 496 non-climate-controlled units and 38 outdoor parking spaces. The facility is fully fenced with state-of-the-art security, 22 surveillance cameras, gated keypad access and an on-site rental/management office. The property offers approved, permit ready expansion of +/-22,700 square feet in three additional buildings. The proposed expansion plans include one 8,400 square foot building, one 8,000 square foot building and one 6,300 square foot building. Reference the Site Layout Plan. Access Mini Storage is located approximately 4 miles from Holland and 15 miles from Grand Rapids. The property is less than 2.5 miles from Highway 196 and other major roadways and is surrounded by bustling industrial and manufacturing hubs. Zeeland is home to several world-renowned companies including Plascore (Honeycomb manufacturing), Mead Johnson and HermanMiller. Located less than a mile from Access Mini Storage, Zeeland is also the headquarters of Gentex Corporation, a high-tech supplier for automotive, aerospace and commercial fire protection industries. Gentex is currently growing their company footprint in Zeeland with expansion projects to their corporate campus, distribution center and processing facility. Gentex is expected to invest over $300 million in these projects which are believed to create at least 500 new jobs over the next three years. The property also benefits from the numerous multifamily developments close-by. Logan Estates, a large, manufactured housing community, is adjacent to the property. Additionally, the property is less than five miles from US-31, a major retail corridor that includes Ace Hardware, Walgreens, Kohl’s, Meijer, Target, Sam’s Club, Walmart Supercenter and others. The 2021 estimated five-mile population is 44,367 with approximately 17,268 households. As of 2021, the estimated average household income within five miles is $85,218 and per capita income of $31,651.

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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