Skip to main content

Self-Storage Facility

Northside Self Storage

3160 Lansing Ave, Jackson, MI 48202

Listing Price: $2,600,000

Cap Rate
5.70%
Number of Units
343
Occupancy
88.0%
Gross SF
35,910
Year Built
1994

Investment Overview

Northside Self Storage is a 35,910 rentable square foot facility with 343 drive-up units in four buildings located in Jackson (Blackman Township), Michigan. The 5.13 acre site provides room for construction of a self-storage office and/or additional storage units. The facility has very good street visibility with over 100 feet of road frontage.

The first phase of Northside was built in 1994 with completion of the entire existing facility by 2000. The buildings are metal construction with shingle roofs and roll-up metal doors. The facility is fully fenced with a swing-gate system and has security cameras that can be accessed via the internet. The property has been well maintained and is in very good condition.

Physical occupancy is over 97% and economic occupancy is over 87%. Like many individual operators, the owner has not been aggressive in raising street rents or rents for existing tenants. In the last twelve months, rents for only around 25% of tenants have been increased.

Jackson, Michigan is approximately 35 miles west of Ann Arbor. The population is stable and projected to remain that way. Jackson is the headquarters of CMS Energy which is the largest employer. Its Consumers Power subsidiary provides electric and/or gas service to much of Michigan.

This is an excellent opportunity to obtain a well-located, cash flowing facility with high occupancy and expansion potential in a sound market area.

Investment Highlights

  • 343 Drive-Up Units Totaling 35,910 Square Feet
  • Perimeter Fencing and Security Cameras with DVR
  • Room for Storage Office Construction and/or Additional Storage Buildings
  • 97 Percent Physical Occupancy and 88 Percent Economic Occupancy

Exclusively Listed By

Self-Storage Facility

Northside Self Storage

Listing Price: $2,600,000

Cap Rate
5.70%
Number of Units
343
Occupancy
88.0%
Gross SF
35,910
Year Built
1994

Investment Highlights

  • 343 Drive-Up Units Totaling 35,910 Square Feet
  • Perimeter Fencing and Security Cameras with DVR
  • Room for Storage Office Construction and/or Additional Storage Buildings
  • 97 Percent Physical Occupancy and 88 Percent Economic Occupancy

Investment Overview

Northside Self Storage is a 35,910 rentable square foot facility with 343 drive-up units in four buildings located in Jackson (Blackman Township), Michigan. The 5.13 acre site provides room for construction of a self-storage office and/or additional storage units. The facility has very good street visibility with over 100 feet of road frontage.

The first phase of Northside was built in 1994 with completion of the entire existing facility by 2000. The buildings are metal construction with shingle roofs and roll-up metal doors. The facility is fully fenced with a swing-gate system and has security cameras that can be accessed via the internet. The property has been well maintained and is in very good condition.

Physical occupancy is over 97% and economic occupancy is over 87%. Like many individual operators, the owner has not been aggressive in raising street rents or rents for existing tenants. In the last twelve months, rents for only around 25% of tenants have been increased.

Jackson, Michigan is approximately 35 miles west of Ann Arbor. The population is stable and projected to remain that way. Jackson is the headquarters of CMS Energy which is the largest employer. Its Consumers Power subsidiary provides electric and/or gas service to much of Michigan.

This is an excellent opportunity to obtain a well-located, cash flowing facility with high occupancy and expansion potential in a sound market area.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower