5537 Croswell rd | Croswell, MI 48422
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5537 Croswell rd
Croswell, MI 48422
CROSWELL SELF STORAGE · Specialty Property For Sale
·
16,400 SF
INVESTMENT HIGHLIGHTS
- High Yielding Opportunity – In-Place Cap Rate of 7.75%, Pro-Forma Cap Rate of 9.27%
- Strong year-round occupancy maintaining above 90%
- Room for Expansion – Roughly half of the ±3.17 acres can be expanded onto
- Significant Capital Improvements implemented in the last year with new drainage and new drainage ditches installed, new gutters, new LED lighting, etc
- Opportunity to increase rental rates across 5×10, 10×10, and 10×30 units
PROPERTY FACTS
| Property Type | Specialty | Building Size | 16,400 SF |
| Property Subtype | Self-Storage | No. Stories | 1 |
| Building Class | C | Year Built | 1997 |
| Lot Size | 3.14 AC | ||
| Zoning | NEC - Commercial | ||
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 3.14 AC |
| Building Size | 16,400 SF |
| No. Stories | 1 |
| Year Built | 1997 |
| Zoning | NEC - Commercial |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $303,200 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$303,200
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