Self-Storage Facility

145 Storage

6001 Ann Arbor Rd, Jackson, MI 49201

Listing Price: $3,000,000

Cap Rate
6.73%
Number of Units
352
Occupancy
89.4%
Gross SF
47,400
Rentable SF
47,400
Price/Rentable SF
$63.29
Year Built
1994

Investment Overview

145 Storage is a 47,400-square foot self storage facility in Jackson (Leoni Township), Michigan consisting of 352 drive-up units. The buildings are metal construction with metal roofs and roll up doors. The newest buildings were completed in 2016 and 2018. There may be room on the site for expansion using relocatable storage units. There is an on-site management office along with a total of 14 CCTV cameras, all of which can be accessed via the internet. 145 Storage is a Uhaul rental dealership. The facility has excellent visibility from Interstate 94 and is immediately accessible off Exit 145. As of June 2020, physical occupancy was was over 96 percent and economic occupancy was 86.5 percent.

Jackson is a stable community located approximately 35 miles west of Ann Arbor and 40 miles south of Lansing. CMS Energy, which provides natural gas and electric to much of Michigan, is headquartered in Jackson.

This is an excellent opportunity to obtain a well located, cash flowing facility with high occupancy, excellent visibility and expansion potential.

Investment Highlights

  • Excellent Street Visibility
  • Stable Population in a Five-Mile Radius
  • Over 96% Unit & Square Footage Occupancy; Over 89% Economic Occupancy
  • 47,400 Square Feet with 352 Drive-Up Units
  • 4.2 Acre Site May Provide Expansion Space Using Relocatable Storage Units

Exclusively Listed By

Listing Price: $3,000,000

Cap Rate
6.73%
Number of Units
352
Occupancy
89.4%
Gross SF
47,400
Rentable SF
47,400
Price/Rentable SF
$63.29
Year Built
1994

Investment Highlights

  • Excellent Street Visibility
  • Stable Population in a Five-Mile Radius
  • Over 96% Unit & Square Footage Occupancy; Over 89% Economic Occupancy
  • 47,400 Square Feet with 352 Drive-Up Units
  • 4.2 Acre Site May Provide Expansion Space Using Relocatable Storage Units

Investment Overview

145 Storage is a 47,400-square foot self storage facility in Jackson (Leoni Township), Michigan consisting of 352 drive-up units. The buildings are metal construction with metal roofs and roll up doors. The newest buildings were completed in 2016 and 2018. There may be room on the site for expansion using relocatable storage units. There is an on-site management office along with a total of 14 CCTV cameras, all of which can be accessed via the internet. 145 Storage is a Uhaul rental dealership. The facility has excellent visibility from Interstate 94 and is immediately accessible off Exit 145. As of June 2020, physical occupancy was was over 96 percent and economic occupancy was 86.5 percent.

Jackson is a stable community located approximately 35 miles west of Ann Arbor and 40 miles south of Lansing. CMS Energy, which provides natural gas and electric to much of Michigan, is headquartered in Jackson.

This is an excellent opportunity to obtain a well located, cash flowing facility with high occupancy, excellent visibility and expansion potential.

Exclusively Listed By

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