847-436-5483
3451 Michigan 37, Middleville, MI for Sale
Self-Storage Facilities - FOR SALE
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3451 Michigan 37
Middleville, MI 49333


HIGHLIGHTS

  • Class A Asset: excellent opportunity to acquire five newly constructed self-storage buildings in the affluent, growing market of Middleville, Michigan
  • Premium Unit Mix: totaling 45,200 NRSF of 100% single-story, drive up product
  • Lease-Up and Revenue Upside Opportunity: the facility has leased up to 65% unit occupancy, providing a clear path for future revenue growth
  • Fully Fenced, Lit, and Secure: facility with access control
  • Great Frontage, Visibility, and Access: along M-37 (12,911 VPD), a major north-south arterial road
  • Strong Local Demographics: 16k population, $115k AHHI, and 8.9% pop growth in 5-yr (5-mi)

OVERVIEW

Forward Storage is a 45,200 NRSF facility situated in a high-growth / high-income Grand Rapids submarket in Middleville, Michigan. The property is positioned within the thriving metropolitan area of Grand Rapids (top 50 MSA), benefiting from strong economic fundamentals, population growth, and high median household incomes. The MSA has demonstrated a robust real estate market and is poised for continued expansion, supporting the asset’s potential for continued lease-up velocity, rental rate growth, and high occupancy rates. This asset is ideally positioned for investors seeking exposure to an established and rapidly growing self storage market. This Class A facility, which opened in November 2023, features 100% single-story, drive-up self storage product across 203 units. The asset boasts best-in-class construction and prime frontage/access along M-37 (13k vehicles per day). The 5-mi population surrounding the subject property is 16k with 8.9% projected growth (5-yr) and average HH incomes of $115k.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Forward Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

6.64 AC

LAND SF

289,238 SF

ZONING

L-1

APN/PARCEL ID

08-14-027-002-09

ASK ABOUT THIS PROPERTY

Kevin FriedmanHayes VenturesMore Info
847-436-5483

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Kevin FriedmanHayes VenturesMore Info
847-436-5483

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