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Self-Storage Facility

Secure Self-Storage of Lake City

645 N Al Moses Rd, Lake City, MI 49651

Listing Price: Request For Offer

Number of Units
128
Occupancy
38.4%
Rentable SF
27,932
Year Built
2022

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Secure Self-Storage in Lake City, MI. This facility is located at 645 N. Al Moses Rd, Lake City, MI with 106 Drive-Up units and 22 RV Spaces totaling 27,932 NRSF. 18,000 NRSF of the total building size was recently built at the end of 2023. The location of this facility benefits from a low saturation in 3-mile radius of 6.8 SF/Capita, 5-mile radius of 3.7 SF/Capita, and 10-mile radius of 4.0 SF/Capita.

Due to the low saturation in the market, the existing owners have plans in place to add an additional 60,000 NRSF of storage on the 9.4 acres that the facility sits on. This facility has tremendous upside with very little competition and no plans / building permits of new construction with-in a 10-mile radius.

Investment Highlights

  • 27,932 NRSF of Existing Storage
  • 106 Drive Up Units, 22 RV Spaces
  • Plans In Place To Build Additional 60,000 NRSF
  • No Known Developments within 10 Miles
  • Market Saturation : 3-Mile Radius at 6.8 SF / Capita, 5-Mile Radius at 3.7 SF / Capita, 10-mile Radius at 4.0 SF / Capita
  • Upside Through Raising Rents, Raising Occupancy, & Building Out Expansion

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

Secure Self-Storage of Lake City

Listing Price: Request For Offer

Number of Units
128
Occupancy
38.4%
Rentable SF
27,932
Year Built
2022

Investment Highlights

  • 27,932 NRSF of Existing Storage
  • 106 Drive Up Units, 22 RV Spaces
  • Plans In Place To Build Additional 60,000 NRSF
  • No Known Developments within 10 Miles
  • Market Saturation : 3-Mile Radius at 6.8 SF / Capita, 5-Mile Radius at 3.7 SF / Capita, 10-mile Radius at 4.0 SF / Capita
  • Upside Through Raising Rents, Raising Occupancy, & Building Out Expansion

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Secure Self-Storage in Lake City, MI. This facility is located at 645 N. Al Moses Rd, Lake City, MI with 106 Drive-Up units and 22 RV Spaces totaling 27,932 NRSF. 18,000 NRSF of the total building size was recently built at the end of 2023. The location of this facility benefits from a low saturation in 3-mile radius of 6.8 SF/Capita, 5-mile radius of 3.7 SF/Capita, and 10-mile radius of 4.0 SF/Capita. Due to the low saturation in the market, the existing owners have plans in place to add an additional 60,000 NRSF of storage on the 9.4 acres that the facility sits on. This facility has tremendous upside with very little competition and no plans / building permits of new construction with-in a 10-mile radius.

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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