A-1 Mini Storage Portfolio 2 Industrial Properties Offered at $2,850,000 in Multiple Locations
EXECUTIVE SUMMARY
• Two Self Storage Facilities Located Approximately 10 Miles Apart Featuring 298 Non- Climate Units Totaling 37,322 Net Rentable Square Feet
• The Mount Pleasant Location is Comprised of 22,772 NRSF of Non-Climate Storage, and the Weidman Location is Comprised of 12,150 NRSF of Non-Climate Storage and
2,400 NRSF of Enclosed Boat/RV Storage
• Opportunity to Increase Revenue Through Stabilization and the Implementation of Existing Customer Rent Increases
• Both Facilities Sit on 5+ Acre Lots With Ample Room for Future Expansion or the Implementation of Outdoor Parking Rentals
• Opportunity to Increase Revenue Through Maximizing Fee Income and the Implementation of Tenant Insurance Sales
• Recent Cap/Ex Improvements Include New Camera Systems and Road Front Signage
• The Mount Pleasant MSA is Located in Central Michigan ~60 Miles Northeast of Grand Rapids and is Home to 64,118 Residents
• The Mount Pleasant Location is Comprised of 22,772 NRSF of Non-Climate Storage, and the Weidman Location is Comprised of 12,150 NRSF of Non-Climate Storage and
2,400 NRSF of Enclosed Boat/RV Storage
• Opportunity to Increase Revenue Through Stabilization and the Implementation of Existing Customer Rent Increases
• Both Facilities Sit on 5+ Acre Lots With Ample Room for Future Expansion or the Implementation of Outdoor Parking Rentals
• Opportunity to Increase Revenue Through Maximizing Fee Income and the Implementation of Tenant Insurance Sales
• Recent Cap/Ex Improvements Include New Camera Systems and Road Front Signage
• The Mount Pleasant MSA is Located in Central Michigan ~60 Miles Northeast of Grand Rapids and is Home to 64,118 Residents
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $2,850,000 |
| Price / SF | $75.90 / SF |
| Cap Rate | 7.58% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 37,547 SF |
| Total Land Area | 11.90 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
A-1 Mini Storage
6473 Weidman rd, Weidman, MI 48893 |
Industrial | 14,550 SF | 2010 | - |
| 1067 N Mission Rd, Mount Pleasant, MI 48858 | Industrial | 22,997 SF | 2010 | - |
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