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Michigan Storage Centers

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THIS PROPERTY IS CURRENTLY UNDER CONTRACT.

All site visits must be scheduled through SkyView Advisors.

Michigan Storage Centers is a self-storage property located in Madison Heights, MI. This is an opportunity to own a self-storage property situated on a total of 2.67 acres of land, with a total of 86,730 net rentable square feet, and 686 total units.

Highlights:

  • Opportunity to increase rental rates as much as 9.7%.
  • Ancillary income generators such as retail sales, admin fees, truck rental, and tenant insurance can be improved to boost monthly collections.
  • Conversion opportunity of the apartment space and spare room total 3,000 square feet.
  • Favorable demand dynamics in the trade area: 6.78 square feet in the 3-mile and 5.67 square feet in the 5-mile.
  • Visibility from Interstate 75 of 152,800 vehicles per day.

Property Highlights

Address1020 W 13 Mile Rd. Madison Heights, MI 48071
Price-
Cap Rate-
NOI$642,225
Net Rentable
Square Foot
86,730 NRSF
Lot Size2.67 AC
Year Built1964
StatusAvailable