6812 N Saginaw Rd - Self-Storage Facilities FOR SALE
Midland, MI 48642 |
$4,500,000 USD
708-243-9414
6812 N Saginaw Rd
Midland, MI 48642
HIGHLIGHTS
- 350-unit self-storage facility with 92% physical occupancy and 86% economic occupancy
- Current NOI of $291,395 with Year 4 NOI projected at $349,600
- ±51,145 SF net rentable with 279 non-climate and 71 climate controlled units
- Expansion opportunity for 2-3 additional buildings on ±6.08-acre site
- Cintas warehouse lease originating 2006 contributing $28,032 in annual other income
- 5-mile avg HH income of $130,025; rates exceed local competitive average
FOR SALE DETAILS
PRICE
$4,500,000 USD
PRICE/SF
$88 USD /SF
CAP RATE
6.48%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Bakus Self Storage
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Self-Storage Facilities
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
1975
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2 AC
LAND SF
87,120 SF
ZONING
-
APN/PARCEL ID
13-02-20-124
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708-243-9414
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708-243-9414
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