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Self-Storage Facility

Offsite Warehouse

3530 E Ellsworth Rd, Ann Arbor, MI 48108

Listing Price: $7,150,000

Cap Rate
7.07%
Number of Units
250
Occupancy
93.0%
Gross SF
61,300
Rentable SF
61,300
Price/Rentable SF
$116.64
Year Built
1989

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Offsite Warehouse located in Ann Arbor, Michigan. This facility features 250 units and a total of 61,300 net rentable square feet. There is currently 32,300 net rentable square feet of storage and 29,000 net rentable square feet of warehouse and office space. There is the opportunity to convert the warehouse and office space into climate-controlled storage units which would equate to approximately 23,200 net rentable square feet of additional storage. The seller recently completed a number of capital expenditures as well.

Investment Highlights

  • Ann Arbor, Michigan Warehouse and Self-Storage Offering
  • Seller Financing Considered
  • 61,300 Total Net Rentable Square Feet (32,300 Net Rentable Square Feet of Storage and 29,000 Net Rentable Square Feet of Warehouse/Office Space)
  • 181 Drive-Up Non-Climate-Controlled Units | 69 Interior Non-Climate-Controlled Units | One Parking Space

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

Offsite Warehouse

Listing Price: $7,150,000

Cap Rate
7.07%
Number of Units
250
Occupancy
93.0%
Gross SF
61,300
Rentable SF
61,300
Price/Rentable SF
$116.64
Year Built
1989

Investment Highlights

  • Ann Arbor, Michigan Warehouse and Self-Storage Offering
  • Seller Financing Considered
  • 61,300 Total Net Rentable Square Feet (32,300 Net Rentable Square Feet of Storage and 29,000 Net Rentable Square Feet of Warehouse/Office Space)
  • 181 Drive-Up Non-Climate-Controlled Units | 69 Interior Non-Climate-Controlled Units | One Parking Space

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Offsite Warehouse located in Ann Arbor, Michigan. This facility features 250 units and a total of 61,300 net rentable square feet. There is currently 32,300 net rentable square feet of storage and 29,000 net rentable square feet of warehouse and office space. There is the opportunity to convert the warehouse and office space into climate-controlled storage units which would equate to approximately 23,200 net rentable square feet of additional storage. The seller recently completed a number of capital expenditures as well.

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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