9700 Old M-78 - Self-Storage Facilities FOR SALE


Haslett, MI 48840
$5,500,000 USD
347-981-0333
9700 Old M-78, Haslett, MI for Sale
$5,500,000 USD
Self-Storage Facilities - FOR SALE
1/2
null | 9.08% Cap Rate

9700 Old M-78
Haslett, MI 48840


OVERVIEW

Grandstone is pleased to present Premier Storage, a well-established self-storage facility located in the heart of Haslett, Michigan—one of the region’s fastest-growing communities. Spanning 12.87 acres, this high-quality property, built in 2009, features 281 storage units totaling 41,450 net rentable square feet. The facility offers a diverse unit mix, including 33 climate-controlled units, 247 non-climate-controlled units, one boat & RV bay, and 219 outdoor parking spaces, catering to a broad range of customer needs. Currently, Premier Storage maintains a physical occupancy of 77.25% and an economic occupancy of 56.21%, presenting a compelling lease-up opportunity in a high-demand market. Additionally, more than 30 units are listed as unavailable, as they are being rented by friends and family without collecting rent. Haslett’s strategic location—just 10 miles from Lansing, a rapidly expanding economic hub—further strengthens the facility’s long-term growth potential. The local economy is experiencing a surge in development, fueled by Norm Fasteners’ $77 ademand for storage. The facility benefits from an affluent and growing customer base, with 33,157 residents within a five-mile radius and an average household income of $125,119. Positioned along Route 69, which sees 41,261 AADT, Premier Storage enjoys exceptional visibility and accessibility, ensuring a steady stream of potential tenants.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$1,528 USD /SF

CAP RATE

9.08%

% 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

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

Commercial

APN/PARCEL ID

010-025-400-010-65

ASK ABOUT THIS PROPERTY

Miryam ManashirovaGrandstone Investment SalesMore Info
347-981-0333

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Miryam ManashirovaGrandstone Investment SalesMore Info
347-981-0333

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