11649 Telegraph rd | Carleton, MI 48117
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11649 Telegraph rd
Carleton, MI 48117
Bigger Garage Self-Storage · Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- High Yielding Upon Stabilization with a Year-2 Cap Rate of 8.57%, and a Year-3 Cap Rate of 9.61%
- Well below market rents with 30-40% upside
- Significant Capital Improvements have been made recently such as lights, cameras, tuckpointing, new gravel, etc
- Strong physical occupancy with opportunity to increase rents on existing customers immediately
- Low Supply in the Area with only 2 facilities and a square feet per capita of 6.52 in the 3-mile radius.
PROPERTY FACTS
| Property Type | Industrial | No. Stories | 1 |
| Lot Size | 1.86 AC | Year Built | 1994 |
| Rentable Building Area | 15,525 SF |
| Property Type | Industrial |
| Lot Size | 1.86 AC |
| Rentable Building Area | 15,525 SF |
| No. Stories | 1 |
| Year Built | 1994 |
PROPERTY TAXES
| Parcel Number | 01-023-034-20 | Improvements Assessment | $204,600 |
| Land Assessment | $23,100 | Total Assessment | $227,700 |
PROPERTY TAXES
Parcel Number
01-023-034-20
Land Assessment
$23,100
Improvements Assessment
$204,600
Total Assessment
$227,700
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