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Self-Storage Facility

Osprey Storage - Shaver Rd

9114 Shaver Rd, Portage, MI 49024

Listing Price: $4,950,000

Cap Rate
5.99%
Number of Units
352
Occupancy
83.0%
Gross SF
54,550
Rentable SF
54,550
Price/Rentable SF
$90.74
Year Built
1988

Investment Overview

Marcus & Millichap is pleased to offer for sale the Osprey Storage Two Property Portfolio located in Portage, Michigan. This portfolio consists of two locations that are approximately two miles apart. They combine to feature 112,025 net rentable square feet with a mix of non-climate-controlled units and outdoor parking spaces. The sites have excellent locations and easy access. The Shaver Road location also has a leasable apartment space.

Investment Highlights

  • Part of a Kalamazoo MSA Two Property Self-Storage Portfolio with Upside
  • Two Facilities Located Approximately Two Miles Apart
  • 112,025 Combined Total Net Rentable Square Feet
  • Mix of Non-Climate-Controlled Units and Outdoor Parking Spaces
  • One Leasable Apartment Space at Shaver Road Location

Exclusively Listed By

Broker of Record

  • Steve Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Financing By

Self-Storage Facility

Osprey Storage - Shaver Rd

Listing Price: $4,950,000

Cap Rate
5.99%
Number of Units
352
Occupancy
83.0%
Gross SF
54,550
Rentable SF
54,550
Price/Rentable SF
$90.74
Year Built
1988

Investment Highlights

  • Part of a Kalamazoo MSA Two Property Self-Storage Portfolio with Upside
  • Two Facilities Located Approximately Two Miles Apart
  • 112,025 Combined Total Net Rentable Square Feet
  • Mix of Non-Climate-Controlled Units and Outdoor Parking Spaces
  • One Leasable Apartment Space at Shaver Road Location

Investment Overview

Marcus & Millichap is pleased to offer for sale the Osprey Storage Two Property Portfolio located in Portage, Michigan. This portfolio consists of two locations that are approximately two miles apart. They combine to feature 112,025 net rentable square feet with a mix of non-climate-controlled units and outdoor parking spaces. The sites have excellent locations and easy access. The Shaver Road location also has a leasable apartment space.

Exclusively Listed By

Broker of Record

  • Steve Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

Financing By

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