Self Storage Details
- Purchase Method: Cash, Seller Financing, New Loan
- Number of Storage Units: 172
- Acreage: 8 acre(s)
- Square Footage: 25,760 sqft
- Occupancy: 95%
- Year Built: 2005
- Cap Rate: 10.0%
- Listing ID: 395367
- Posted On: Aug 21, 2013
- Updated On: Apr 25, 2014
Description
Self Storage Facility in central Michigan, Great cash flow,price based on 10% Cap. Rate. Total of seven buildings with approval by township for 5 more buildings a second 50 unit Facility also available. Call 888-383-1950
Amenities
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- Located Across The Road From 130 Unit Apartment Complex And 2 Blocks From Alma College
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Financial Information
| Gross Income: | $94,566 |
| Operating Expense: | $25,552 |
| Net Operating Income: | $69,014 |
| Expense Ratio: | 27.0 % |