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100 Macomb Daily Dr
Mount Clemens, MI 48043
Auction:11/6 - 11/8: North River Mini Storage · Specialty Property For Sale
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31,500 SF
PROPERTY FACTS
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Self-Storage | Year Built | 1994 |
| Building Class | C | Parking Ratio | 3.35/1,000 SF |
| Lot Size | 2.61 AC | Clear Ceiling Height | 13’ |
| Building Size | 31,500 SF | ||
| Zoning | L-1 | ||
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 2.61 AC |
| Building Size | 31,500 SF |
| No. Stories | 1 |
| Year Built | 1994 |
| Parking Ratio | 3.35/1,000 SF |
| Clear Ceiling Height | 13’ |
| Zoning | L-1 |
ABOUT 100 MACOMB DAILY DR , MOUNT CLEMENS, MI 48043
PLEASE DO NOT DISTURB THE TENANTS AND NO TRESPASSING. Property tours are available by appointment on Thursday 11/2 from 9a-2p. Please contact Ishaan Ambegaokar to schedule at 305-503-2638 or ishaana@ten-x.com. Investment Highlights: ñ165-Unit climate controlled self-storage facility with 22 spaces for RV and boat storage ñ31,500 SF facility on ñ2.7 acres of land with room for expansion ñ35% occupied with value add opportunity through lease up of the available ñ123 units Capex of ñ$350,000 for conversion and renovation to storage facility in 2017 U-Haul business and website will convey with sale of real property Excellent location ñ0.5 miles from I-94, commercial and recreational traffic drivers Strong 3 mile demographics with 70,742 population and average HH income of $62,579 Investment Overview: North River Mini Storage (the "Property") is a 31,500 SF climate controlled self-storage facility on ñ2.7 acres located at 100 Macomb Daily Drive in Mount Clemens, Michigan. The Property, built in 1994, currently has 165 climate controlled units and an additional 22 spaces for vehicle/boat storage. The unit mix consists of various sizes from 5x5 to 10x24 - see floor plan in the du The unit mix consists of various sizes from 5x5 to 10x24 - see floor plan in the due diligence vault. Three of the units are unavailable for lease with one used an office, one down unit and a final unit used for box storage. The Property has undergone over $350,000 in cap ex within the last year to complete the conversion to a self-storage facility including full fire suppression and 20 high definition security cameras with remote monitoring. Additional security is provided by perimeter fencing and on site manager. The immediate value add opportunity exists to lease up of the available 123 vacant units. Per seller, the city has given permission to add outside prefab storage units that could add another ñ100 units. The area surrounding the Property is nearly fully developed and provides for a mix of single family properties and commercial developments. The Property is more immediately bordered on the north and east by Gibralter Trade Center and commercial development; on the south by N River Road and the Clinton River; and on the west by several large multi-family communities. North River Mini Storage is located ñ0.5miles from the nearest I-94 interchange, Selfridge Air National
PROPERTY TAXES
| Parcel Number | 05-11-13-201-009 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,223,900 |
PROPERTY TAXES
