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Self-Storage Facility

Detroit MSA Two Property Portfolio

4275 Highland Rd, Waterford Township, MI 48328

Listing Price: $12,575,000

Cap Rate
5.75%
Number of Units
693
Occupancy
83.5%
Gross SF
106,143
Rentable SF
106,143
Price/Rentable SF
$118.47
Year Built
1977

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale the Detroit MSA Two Property Portfolio located in Waterford Township and Pontiac, Michigan. These facilities have 693 total combined units, totaling 106,143 net rentable square feet. They both have had strong historical occupancy rates and are currently 88 percent physically occupied. Both locations are all fully secured with fencing, keypad gated entry, on-site management offices, and 24-hour video surveillance.

The two facilities are located just three and a half miles apart from each other and benefit from dense surrounding populations. They both have over 161,000 people living within a five-mile radius and have excellent street frontage. This provides the facilities with high daily traffic counts ranging from 12,000-36,000 cars per day.

Detroit MSA Two Property Portfolio is being offered for $12,575,000 or $118.47 per rentable square foot.

Investment Highlights

  • Detroit MSA Two Property Self-Storage Portfolio
  • 106,143 Combined Net Rentable Square Feet | 693 Combined Total Units
  • Climate-Controlled and Non-Climate Controlled Units
  • Stabilized Facilities: Combined Physical Occupancy of 88.02 Percent
  • Both Locations are Undersaturated Self Storage Markets

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Self-Storage Facility

Detroit MSA Two Property Portfolio

Listing Price: $12,575,000

Cap Rate
5.75%
Number of Units
693
Occupancy
83.5%
Gross SF
106,143
Rentable SF
106,143
Price/Rentable SF
$118.47
Year Built
1977

Investment Highlights

  • Detroit MSA Two Property Self-Storage Portfolio
  • 106,143 Combined Net Rentable Square Feet | 693 Combined Total Units
  • Climate-Controlled and Non-Climate Controlled Units
  • Stabilized Facilities: Combined Physical Occupancy of 88.02 Percent
  • Both Locations are Undersaturated Self Storage Markets

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale the Detroit MSA Two Property Portfolio located in Waterford Township and Pontiac, Michigan. These facilities have 693 total combined units, totaling 106,143 net rentable square feet. They both have had strong historical occupancy rates and are currently 88 percent physically occupied. Both locations are all fully secured with fencing, keypad gated entry, on-site management offices, and 24-hour video surveillance.

The two facilities are located just three and a half miles apart from each other and benefit from dense surrounding populations. They both have over 161,000 people living within a five-mile radius and have excellent street frontage. This provides the facilities with high daily traffic counts ranging from 12,000-36,000 cars per day.

Detroit MSA Two Property Portfolio is being offered for $12,575,000 or $118.47 per rentable square foot.

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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