Skip to main content

Self-Storage Facility

Osprey Storage - Portage Rd

9879 Portage Rd, Portage, MI 49002

Listing Price: $4,775,000

Cap Rate
6.01%
Number of Units
345
Occupancy
75.0%
Gross SF
57,475
Rentable SF
57,475
Price/Rentable SF
$83.08
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 & Outdoor Parking Spaces
  • Excellent Locations & Street Frontage

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 - Portage Rd

Listing Price: $4,775,000

Cap Rate
6.01%
Number of Units
345
Occupancy
75.0%
Gross SF
57,475
Rentable SF
57,475
Price/Rentable SF
$83.08
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 & Outdoor Parking Spaces
  • Excellent Locations & Street Frontage

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

MM Texture Background
MM Textured Background Lower