16800 Chandler Rd - Self-Storage Facilities FOR SALE


East Lansing, MI 48823
$8,000,000 USD
646-531-2496
16800 Chandler Rd, East Lansing, MI for Sale
$8,000,000 USD
Self-Storage Facilities - FOR SALE
1/5
null | Request Cap Rate

16800 Chandler Rd
East Lansing, MI 48823


OVERVIEW

CBRE is pleased to exclusively offer investors the opportunity to acquire the fee-simple interest in Storage Sense – East Lansing, a climate-controlled self-storage facility comprised of 561 units on a 5.19-acre site in East Lansing, Michigan. The property caters to the 50,000+ students enrolled at Michigan State University, which is just a few miles away, and it’s situated adjacent to several apartment complexes, including two newly built loft-style apartment buildings. This investment provides investors with an outstanding opportunity to acquire a meticulously maintained self-storage facility with value-add potential in a strong market.

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$96 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

18 AC

LAND SF

784,080 SF

ZONING

Commercial

APN/PARCEL ID

010-135-000-003-02

ASK ABOUT THIS PROPERTY

Peter FurestCBREMore Info
646-531-2496

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Peter FurestCBREMore Info
646-531-2496

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.