Investment Overview

Ada Attic Self Storage Facility is located in a highly sought-after area in Ada, Michigan, just outside of Grand Rapids. The current owner and family both constructed and continue to maintain and operate the facility. The property is 96% occupied and benefits from a significant barrier to entry, making it a rare and valuable opportunity with limited competition in the area. The facility offers 342 units, totaling 52,150 rentable square feet, which includes 7,050 square feet of conditioned space and 45,100 square feet of conventional storage. Ada Attic is situated on 6.78 +/- acres of land in a strategic location. The property is fenced and gated, offering enhanced security. Since 2021, the facility has undergone significant upgrades, including new shingles, LED lighting, and a state-of-the-art camera system designed to improve safety and operational efficiency. In conjunction with the completion of Ada Village in the spring of 2024, the owners implemented an across-the-board 20-30% rate increase with new tenants. Now approaching the one year anniversary of the rate increase, they have maintained their pre-increase high occupancy rate and anticipate a 25% new rate occupancy during the summer of 2025. The past year is a demonstration of Ada Attic's strong market position and high level of customer satisfaction. Ada Attic is the only storage facility in this affluent Ada Township, home to Amway’s global headquarters. Ada Attic Self Storage presently holds strong upside potential through rate management and ancillary income. The property has a loyal customer base and upside from friends and family units, a workshop, and apartment conversion. There is a significant opportunity for continued success in this high-demand location. *Tours and site visits must be coordinated through the listing broker.