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Self-Storage Facility

Owosso Mini Storage

1005 W Main St owo, Owosso, MI 48867

Listing Price: $2,250,000

Cap Rate
6.70%
Occupancy
83.0%
Rentable SF
44,900
Price/Rentable SF
$50.11
Year Built
1991

Investment Overview

Copilot said:

The Gorman Self Storage Group is pleased to present Owosso Mini Storage, a value-add self-storage investment opportunity located in Owosso, Michigan. The property consists of approximately 44,900 net rentable square feet of climate-controlled and non-climate-controlled storage, offering a diverse unit mix that serves a broad range of customer needs. In addition to the storage units, the property features three residential apartments, a retail shop, and an onsite office, creating multiple sources of income and operational flexibility. With meaningful upside remaining through occupancy gains, rental rate growth, and operational enhancements, the asset is well-positioned for a new owner to unlock additional value. Being offered at approximately $50 per square foot, Owosso Mini Storage provides investors the opportunity to acquire a well-located asset at a basis below replacement cost while benefiting from significant value-add potential.

Investment Highlights

  • 44,900 NRSF of Storage, Retail, and Multifamily
  • Fully Fenced with Keypad Entry
  • Being Offered at $50/SF
  • Over $70K HH Income in 5-Mi Radius
  • 19.5% Projected Income Growth in Next 5 Years
  • 3 On-Site Apartments and 3,200 SF of Retail

Exclusively Listed By

Broker of Record

  • Paul Kerber

    Senior Managing Director Investments

    (248) 415-2600

    License(s) MI: 6502433613

    Michigan

Self-Storage Facility

Owosso Mini Storage

Listing Price: $2,250,000

Cap Rate
6.70%
Occupancy
83.0%
Rentable SF
44,900
Price/Rentable SF
$50.11
Year Built
1991

Investment Highlights

  • 44,900 NRSF of Storage, Retail, and Multifamily
  • Fully Fenced with Keypad Entry
  • Being Offered at $50/SF
  • Over $70K HH Income in 5-Mi Radius
  • 19.5% Projected Income Growth in Next 5 Years
  • 3 On-Site Apartments and 3,200 SF of Retail

Investment Overview

Copilot said: The Gorman Self Storage Group is pleased to present Owosso Mini Storage, a value-add self-storage investment opportunity located in Owosso, Michigan. The property consists of approximately 44,900 net rentable square feet of climate-controlled and non-climate-controlled storage, offering a diverse unit mix that serves a broad range of customer needs. In addition to the storage units, the property features three residential apartments, a retail shop, and an onsite office, creating multiple sources of income and operational flexibility. With meaningful upside remaining through occupancy gains, rental rate growth, and operational enhancements, the asset is well-positioned for a new owner to unlock additional value. Being offered at approximately $50 per square foot, Owosso Mini Storage provides investors the opportunity to acquire a well-located asset at a basis below replacement cost while benefiting from significant value-add potential.

Exclusively Listed By

Broker of Record

  • Paul Kerber

    Senior Managing Director Investments

    (248) 415-2600

    License(s): MI: 6502433613

    Michigan

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