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Self-Storage Facility

Empire Self Storage

6400 E Traverse Hwy, Traverse City, MI 49684

Listing Price: $7,000,000

Cap Rate
5.89%
Number of Units
500
Occupancy
98.0%
Gross SF
71,350
Rentable SF
71,350
Price/Rentable SF
$98.11
Year Built
2015

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Empire Self Storage located in Traverse City, Michigan. This facility features 500 non-climate-controlled units totaling 71,350 net rentable square feet. There are site plans approved for six more buildings totaling 300 more units. The facility sits on 14.35 acres of land.

Investment Highlights

  • Newly Built, Class A Self-Storage Facility
  • 71,350 NRSF | 500 Total Non-Climate-Controlled Units
  • Site Plan Approved for Six More Buildings Totaling 300 Units
  • Great Location and Street Frontage

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

Empire Self Storage

Listing Price: $7,000,000

Cap Rate
5.89%
Number of Units
500
Occupancy
98.0%
Gross SF
71,350
Rentable SF
71,350
Price/Rentable SF
$98.11
Year Built
2015

Investment Highlights

  • Newly Built, Class A Self-Storage Facility
  • 71,350 NRSF | 500 Total Non-Climate-Controlled Units
  • Site Plan Approved for Six More Buildings Totaling 300 Units
  • Great Location and Street Frontage

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Empire Self Storage located in Traverse City, Michigan. This facility features 500 non-climate-controlled units totaling 71,350 net rentable square feet. There are site plans approved for six more buildings totaling 300 more units. The facility sits on 14.35 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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