110 Knapp Dr
Battle Creek, MI 49015
Knapp Drive Self Storage and Office Suites · Specialty Property For Sale · 130,581 SF

The Self Storage Group of Colliers International is pleased to exclusively offer to qualified investors the opportunity to purchase Knapp Drive-Self Storage located at 110 Knapp Drive in Battle Creek, Michigan. Knapp Drive Self-Storage is a 95% occupied facility that was previously a food distribution warehouse for a small chain of restaurants. Knapp Drive Self-Storage consists of a single-story climate-controlled building that also contains the office suites and the management office, as well as two single-story drive-up buildings. The property was converted to self storage in 2006 and offers tenants a wide array of storage units, parking spaces and office suites. The office suites are consistently fully occupied, with those tenants executing the same month-to-month lease as storage tenants. According to Yardi, the 5-mile saturation is 4.98 SF per Capita, which is well below the national average for equilibrium. Knapp Drive Self-Storage offers its tenants superior amenities, including a gated entrance with key code access, multiple access-controlled loading areas, spacious management office, 24 video surveillance cameras, abundant landscaping, and security lighting throughout. The purchaser of Knapp Drive Self-Storage will appreciate the stable in-place income and benefit from the expansion opportunities and operational upside. The office suites provide a steady revenue stream, however a higher rent psf could be achieved if the suites were converted to climate-controlled storage. Converting the office suites isn’t a necessity as there are multiple other areas within the building where additional storage units can be immediately added.