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1681 S Otsego Ave
Gaylord, MI 49735
Gaylord Climate Control Storage · Retail Property For Sale
EXECUTIVE SUMMARY
Very Strong, Turn-Key Investment Opportunity! Gaylord's only climate-controlled storage unit complex presents a unique opportunity for
local and non-local investors. The 72-unit facility was built out in 2021 and has been successfully operating ever since. Online move-ins, keypad tenant
access, bathroom, as well as indoor and outdoor security. Low vacancy rates with very strong cashflow representing a 10% cap rate. Professionally managed
for the hands-off buyer, but additional cash flow available for an owner/operator. There is room to grow in the fenced area at the rear of the building, which
could be utilized for outdoor storage or additional indoor units. Priced to sell!
local and non-local investors. The 72-unit facility was built out in 2021 and has been successfully operating ever since. Online move-ins, keypad tenant
access, bathroom, as well as indoor and outdoor security. Low vacancy rates with very strong cashflow representing a 10% cap rate. Professionally managed
for the hands-off buyer, but additional cash flow available for an owner/operator. There is room to grow in the fenced area at the rear of the building, which
could be utilized for outdoor storage or additional indoor units. Priced to sell!
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,000 SF
Building Class
C
Year Built
1990
Price
$749,900
Price Per SF
$93.74
Tenancy
Single
Building Height
1 Story
Opportunity Zone
Yes
Zoning
Commercial - Commercial use
Parking
8 Spaces (1 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 102-110-000-465-02 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $203,000 |
PROPERTY TAXES
Parcel Number
102-110-000-465-02
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$203,000
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