CONFIDENTIAL - Self Storage Investment for Sale

Special Purpose for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30298683
Building Size (RSF): 8,026 SF
Gross Building Area: See Agent
Sale Price: $550,000
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.5%
Last Updated: 9/10/2019

Overview / Comments

Owner is selling the two storage buildings, one has an additional office, and the other building has a small business in the building. The owner is also selling the house to the north, as well as the vacant lot adjacent to the house on the west side.

The Rental home is currently being rented out at $875 per month on a month to month lease. House had new roof put on in 2013.

The two storage buildings had new roofs installed in 2016. The Rental home is also zoned B-1, so it can be converted into a different use. The house does have a detached two car garage. The storage units are completely full with tenants. There is a small office unit in one of the storage buildings, and the other storage building has a small business operating in it.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Macomb
Tax ID/APN: 06-26-400-004
Zoning: B-1
Total Number of Buildings: 3
Zoning Description: B-1. In order for more storage units to be developed, the new owner would have to submit plans to the City for approval, please contact Broker for further clarification.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,650 20,209 59,982
Median Age: 35.28 35.23 37.79
Households: 784 6,438 21,880
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