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Self-Storage Facility

4 Star Storage (Spring Arbor)

6600 Spring Arbor Rd, Jackson, MI 49201

Listing Price: $2,100,000

Cap Rate
6.44%
Number of Units
303
Occupancy
85.0%
Rentable SF
37,960
Price/Rentable SF
$55.32
Year Built
1988

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale the 4 Star Storage Portfolio located throughout Michigan. The properties combine to feature 718 units that make up 94,641 net rentable square feet. The facilities have below market rents and there is room for expansion at every location. The portfolio is being offered for $5.8 million and must be purchased together.

Investment Highlights

  • Four Property Self-Storage Portfolio Located Throughout Michigan
  • Below Market Rents
  • Current Owner Raising Rents April 1st at All Locations
  • Room for Expansion at Every Location

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

4 Star Storage (Spring Arbor)

Listing Price: $2,100,000

Cap Rate
6.44%
Number of Units
303
Occupancy
85.0%
Rentable SF
37,960
Price/Rentable SF
$55.32
Year Built
1988

Investment Highlights

  • Four Property Self-Storage Portfolio Located Throughout Michigan
  • Below Market Rents
  • Current Owner Raising Rents April 1st at All Locations
  • Room for Expansion at Every Location

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale the 4 Star Storage Portfolio located throughout Michigan. The properties combine to feature 718 units that make up 94,641 net rentable square feet. The facilities have below market rents and there is room for expansion at every location. The portfolio is being offered for $5.8 million and must be purchased together.

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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