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Self-Storage Facility

Griffin Self Storage & Milan Self Storage 2 Property Portfolio

385 Redman Rd, Milan, MI 48160

Listing Price: $8,475,000

Cap Rate
4.73%
Number of Units
467
Occupancy
90.0%
Rentable SF
64,325
Price/Rentable SF
$131.75
Year Built
2022

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Griffin Self Storage and Milan Self Storage, a two property portfolio located in Milan, Michigan. These two facilities are located across the street from each other and feature a combined 64,325 net rentable square feet that consists of 467 units with a mix of climate-controlled and non-climate-controlled units. Both sites have self service kiosks and Griffin Self Storage is currently undergoing an expansion that is adding 120 units and 18,400 net rentable square feet.

Investment Highlights

  • Milan, Michigan Two Property Self-Storage Portfolio
  • Two Properties Located Across the Street from One Another
  • Mix of Climate-Controlled and Non-Climate-Controlled Units
  • Currently Undergoing an Expansion at Griffin Self Storage Featuring 120 Units Totaling 18,400 Net Rentable Square Feet
  • Self-Service Kiosks at Both 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

Griffin Self Storage & Milan Self Storage 2 Property Portfolio

Listing Price: $8,475,000

Cap Rate
4.73%
Number of Units
467
Occupancy
90.0%
Rentable SF
64,325
Price/Rentable SF
$131.75
Year Built
2022

Investment Highlights

  • Milan, Michigan Two Property Self-Storage Portfolio
  • Two Properties Located Across the Street from One Another
  • Mix of Climate-Controlled and Non-Climate-Controlled Units
  • Currently Undergoing an Expansion at Griffin Self Storage Featuring 120 Units Totaling 18,400 Net Rentable Square Feet
  • Self-Service Kiosks at Both Locations

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Griffin Self Storage and Milan Self Storage, a two property portfolio located in Milan, Michigan. These two facilities are located across the street from each other and feature a combined 64,325 net rentable square feet that consists of 467 units with a mix of climate-controlled and non-climate-controlled units. Both sites have self service kiosks and Griffin Self Storage is currently undergoing an expansion that is adding 120 units and 18,400 net rentable square feet.

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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