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6014-6015 E 10 Mile Rd 77,349 SF Specialty Building Offered at $2,800,000 in Warren, MI 48091
Investment Highlights
- If desired, Large Self-Storage REIT will purchase the property at COO for $10.5MM
- Tremendously under supplied market (with less than 7 NRSF/Capita in the five-mile area per Radius+ and StorTrack)
- Ample room for paid parking and other revenue lines (U-Haul rental, dumpster rental, etc.)
- Densely populated market (330k people reside within five miles of the location)
- Strong rate market – The 10 x 10 average for Climate-Controlled and Drive-Up is $157
- Permitted plan provides for 519 units and 77,349 NRSF of Self-Storage space (29,299 NRSF of Climate-Controlled, and 48,050 NRSF of Drive-Up)
Executive Summary
On behalf of the Seller, Friedman is proud to bring this incredible Development/Conversion opportunity to market. This offers the buyer the rare opportunity to flip the property at COO or to hold as an owner or operator. As you’ll see the market metrics are especially strong. From population to competitive supply, the conditions are extremely favorable.
Property Facts
| Price | $2,800,000 | Lot Size | 3.08 AC |
| Price Per SF | $36.20 | Building Size | 77,349 SF |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Specialty | Year Built | 1968 |
| Building Class | C | Parking Ratio | 5.82/1,000 SF |
| Zoning | MZ - Mixed-use. Project is zoned and permitted. | ||
| Price | $2,800,000 |
| Price Per SF | $36.20 |
| Sale Type | Investment |
| Property Type | Specialty |
| Building Class | C |
| Lot Size | 3.08 AC |
| Building Size | 77,349 SF |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 5.82/1,000 SF |
| Zoning | MZ - Mixed-use. Project is zoned and permitted. |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $891,790 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$891,790
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6014-6015 E 10 Mile Rd
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