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Self-Storage Facility

A & B Affordable Storage

341 Goddard Rd, Wyandotte, MI 48192

Listing Price: $1,700,000

Cap Rate
0.44%
Number of Units
325
Occupancy
24.1%
Gross SF
37,000
Rentable SF
37,000
Price/Rentable SF
$45.95
Year Built
1950

Investment Overview

Marcus & Millichap is pleased to offer for sale a conversion opportunity located in Wyandotte, Michigan. The facility proposes 325 non-climate-controlled units totaling 37,000 net rentable square feet. This facility will benefit from a dense surrounding population. The property sits on 1.95 acres of land and is located about nine miles south-west of downtown Detroit.

Investment Highlights

  • List Price for Building: $1,700,000
  • Estimated Conversion Cost: $925,000
  • All in Cost: $2,625,000
  • Wyandotte, Michigan Self-Storage Conversion Offering
  • Proposed 37,000 Net Rentable Square Feet and 325 Non-Climate-Controlled Units

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Self-Storage Facility

A & B Affordable Storage

Listing Price: $1,700,000

Cap Rate
0.44%
Number of Units
325
Occupancy
24.1%
Gross SF
37,000
Rentable SF
37,000
Price/Rentable SF
$45.95
Year Built
1950

Investment Highlights

  • List Price for Building: $1,700,000
  • Estimated Conversion Cost: $925,000
  • All in Cost: $2,625,000
  • Wyandotte, Michigan Self-Storage Conversion Offering
  • Proposed 37,000 Net Rentable Square Feet and 325 Non-Climate-Controlled Units

Investment Overview

Marcus & Millichap is pleased to offer for sale a conversion opportunity located in Wyandotte, Michigan. The facility proposes 325 non-climate-controlled units totaling 37,000 net rentable square feet. This facility will benefit from a dense surrounding population. The property sits on 1.95 acres of land and is located about nine miles south-west of downtown Detroit.

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

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