977 N Van Dyke Rd - Self-Storage Facilities FOR SALE


Bad Axe, MI 48413
$1,200,000 USD
989-623-0094
977 N Van Dyke Rd, Bad Axe, MI for Sale
$1,200,000 USD
Self-Storage Facilities - FOR SALE
1/15
null | 8.21% Cap Rate

977 N Van Dyke Rd
Bad Axe, MI 48413


HIGHLIGHTS

  • It sits in between a Meijer and a Walmart on a very busy intersection.

OVERVIEW

John 14:6 - Jesus said unto him "I am the way, the truth, and the life. No one comes to the Father except through Me". Calvary Realty is pleased to present Thumb Storage & Business Suites, a prime storage investment located at 977 N Van Dyke Rd in Bad Axe, Michigan. This facility sits on 4.14 acres in Huron County, with a population of 30,927. The property features a total of 64,789 rentable square feet, with 34,289 square feet of enclosed space and 30,500 square feet of unenclosed storage. Converted in 2019, the facility consists of 231 units and offers a strong opportunity for occupancy growth, with the current physical occupancy at 40% (60% Including Owner Occupied Space). Thumb Storage is equipped with modern amenities, including ESS management software for seamless operations, electronic entrance gates, and security cameras. The facility has undergone recent capital improvements, ensuring its readiness for future tenants. Positioned at a signalized intersection with a traffic count of 5,770 vehicles per day, the property benefits from good visibility and accessibility. The fenced and lit premises further enhance security, making it an attractive option for both renters and investors. With a low price per square foot of $35 and an 8.21% actual cap rate, this property presents substantial upside potential for expansion and increased occupancy. Investors will appreciate the growth opportunities offered by the underutilized enclosed square footage and the potential for further development. Thumb Storage & Business Suites stands as a solid investment with long-term potential in a growing market.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$49 USD /SF

CAP RATE

8.21%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Thumb Storage & Business Suites

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

150

LAND DETAILS

LAND ACRES

4.14 AC

LAND SF

180,338 SF

ZONING

industrial

APN/PARCEL ID

06-013-001-00

ASK ABOUT THIS PROPERTY

James PawlowskiThumb Storage and Suite SolutionsMore Info
989-623-0094

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James PawlowskiThumb Storage and Suite SolutionsMore Info
989-623-0094

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