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Self-Storage Facility

Priceless Storage

5890 Alden Nash Ave SE, Lowell, MI 49331

Listing Price: $4,000,000

Cap Rate
6.23%
Number of Units
271
Occupancy
87.0%
Gross SF
41,800
Rentable SF
41,800
Price/Rentable SF
$95.69
Year Built
2009

Investment Overview

Marcus & Millichap is pleased to offer for sale Priceless Storage located in Lowell, Michigan. This Grand Rapids area facility features 247 non-climate-controlled units and 24 outdoor parking spaces totaling 41,800 net rentable square feet. The site is currently remote managed with below market rents. There is expansion potential as well by removing the outdoor parking and adding storage buildings or potentially a management office.

Investment Highlights

  • Grand Rapids, Michigan MSA Self-Storage Offering
  • 41,800 Net Rentable Square Feet
  • 247 Non-Climate-Controlled Units and 24 Outdoor Parking Spaces
  • Current Remote Management
  • Room for Expansion: Potential to Replace Outdoor Parking with Additional Self-Storage Buildings or a Management Office

Exclusively Listed By

Broker of Record

  • Paul Kerber

    Senior Managing Director Investments

    (248) 415-2600

    License(s) MI: 6502433613

    Michigan

Financing By

Self-Storage Facility

Priceless Storage

Listing Price: $4,000,000

Cap Rate
6.23%
Number of Units
271
Occupancy
87.0%
Gross SF
41,800
Rentable SF
41,800
Price/Rentable SF
$95.69
Year Built
2009

Investment Highlights

  • Grand Rapids, Michigan MSA Self-Storage Offering
  • 41,800 Net Rentable Square Feet
  • 247 Non-Climate-Controlled Units and 24 Outdoor Parking Spaces
  • Current Remote Management
  • Room for Expansion: Potential to Replace Outdoor Parking with Additional Self-Storage Buildings or a Management Office

Investment Overview

Marcus & Millichap is pleased to offer for sale Priceless Storage located in Lowell, Michigan. This Grand Rapids area facility features 247 non-climate-controlled units and 24 outdoor parking spaces totaling 41,800 net rentable square feet. The site is currently remote managed with below market rents. There is expansion potential as well by removing the outdoor parking and adding storage buildings or potentially a management office.

Exclusively Listed By

Broker of Record

  • Paul Kerber

    Senior Managing Director Investments

    (248) 415-2600

    License(s): MI: 6502433613

    Michigan

Financing By

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