922 N M-37 Hwy - Self-Storage Facilities FOR SALE


Hastings, MI 49058
$5,700,000 USD
312-383-5735
922 N M-37 Hwy, Hastings, MI for Sale
$5,700,000 USD
Self-Storage Facilities - FOR SALE
1/11
null | 8.47% Cap Rate

922 N M-37 Hwy
Hastings, MI 49058


HIGHLIGHTS

  • Newly constructed self-storage buildings
  • Upside in rent
  • Upside in tenant insurance
  • Upside in parking revenue
  • Paved with a gate and keypad
  • Affluent, growing market

OVERVIEW

On behalf of the Seller, Friedman is proud to bring this seven-acre mixed-use (Self-Storage/Flex/Contractor Bay) facility to market in Hastings, MI (Grand Rapids area). The Seller was recently granted the right to expand the facility and will sell the existing property for $5.25MM provided the buyer is willing to pay $450k for 16,000 incremental feet of Self-Storage in permitted, shovel-ready condition.

FOR SALE DETAILS

PRICE

$5,700,000 USD

PRICE/SF

$84 USD /SF

CAP RATE

8.47%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.11 AC

LAND SF

309,712 SF

ZONING

LI

APN/PARCEL ID

08-13-009-012-10

ASK ABOUT THIS PROPERTY

Kris ParkerFriedman Real EstateMore Info
312-383-5735

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Kris ParkerFriedman Real EstateMore Info
312-383-5735

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