Self-Storage Facility
Extra Space Storage (Managed)
506 S Hosmer St, Lansing, MI 48912
Listing Price: $8,600,000
Cap Rate
3.64%
Number of Units
623
Occupancy
67.5%
Gross SF
76,895
Rentable SF
76,895
Price/Rentable SF
$111.84
Year Built
2017
Investment Overview
Extra Space Storage is a 623-unit, 76,895 net rentable square foot self-storage
facility located in Lansing, MI.
Extra Space Storage (Managed)
Investment Highlights
- The property sits on approximately 2.15 acres of land, was converted in 2017 and contains interior climatecontrolled units as well as ground level drive-up units
- The facility spans three climate-controlled floors in the primary building accessible via two commercial elevators and two large centralized loading bays.
- The property was expanded in late 2022, adding traditional ground level drive-up storage units around the perimeter of the site.
Listing Price: $8,600,000
Cap Rate
3.64%
Number of Units
623
Occupancy
67.5%
Gross SF
76,895
Rentable SF
76,895
Price/Rentable SF
$111.84
Year Built
2017
Investment Highlights
- The property sits on approximately 2.15 acres of land, was converted in 2017 and contains interior climatecontrolled units as well as ground level drive-up units
- The facility spans three climate-controlled floors in the primary building accessible via two commercial elevators and two large centralized loading bays.
- The property was expanded in late 2022, adding traditional ground level drive-up storage units around the perimeter of the site.
Investment Overview
Extra Space Storage is a 623-unit, 76,895 net rentable square foot self-storage facility located in Lansing, MI.
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