353 E First St - Self-Storage Facilities FOR SALE


Fennville, MI 49408
$1,250,000 USD
586-615-0101
353 E First St, Fennville, MI for Sale
$1,250,000 USD
Self-Storage Facilities - FOR SALE
1/9
null | 6.2% Cap Rate

353 E First St
Fennville, MI 49408


HIGHLIGHTS

  • 138 Units | 12,780 Net Rentable SF 76% Occupancy
  • Recently Built Construction – Modern design and layout
  • Proven Operating History with in-place cash flow

OVERVIEW

Please Contact Danielle Moore at 586.354.4433 with all inquiries! Status: Professionally managed, recently built, well-maintained Occupancy: ~76% and still leasing up Financial Performance: 2024 Gross Revenue: $126,343 2025 Revenue: $134,314.54 Expenses: $56,832.12 NOI: $77,482.42 Upside Potential: Continued lease-up driving revenue growth Strong local fundamentals and demand drivers Area revitalization underway, including a grant-funded historic hotel renovation and multiple community development projects supporting long-term value appreciation Low-maintenance, updated facility with proven operational history

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$102 USD /SF

CAP RATE

6.2%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,633 SF

ZONING

Special

APN/PARCEL ID

52-700-009-00

ASK ABOUT THIS PROPERTY

Maurice KhalifaRealty Executives Showcase CommercialMore Info
586-615-0101

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Maurice KhalifaRealty Executives Showcase CommercialMore Info
586-615-0101

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