Self Storage Details

  • Purchase Method: Cash, New Loan
  • Number of Storage Units: 321
  • Acreage: 3.2 acre(s)
  • Square Footage: 23,000.0 sqft
  • Occupancy: 75%
  • Cap Rate: 9.0%
  • Property ID: 1145336
  • Posted On: Oct 16, 2019
  • Updated On: Jan 13, 2020

Property Description

Northwest Mini is located in Flushing MI which is located in the east-central part of Michigan in Genesee County. The property is part of the new federally funded opportunity zone program that provides tax benefits for investors. This census tract spans the Pierson Rd Corridor (mostly East of the site), and will provide an increase in stable and long term commercial investment. Northwest Mini provides steady cash flow with minimal overhead and operating expenses. The customer base comes from both the Mt Morris/Pierson Rd corridor and from the Flushing area. Northwest Mini has inside warehouse, outside drive-up, large drive-in and outside RV storage. It also has several commercial/office rental spaces along with a Manager’s or rental apartment.
 Opportunity Zone & New Market Tax Credit opportunity
 Over 23,000sf inside space & 27,000sf outside vehicle space
 Space available to build an added 20,000sf
 Incredible value and upside potential
 Located West of Exit 122 off of I-75 near downtown Flushing
 Easy access to multiple highways and major roads
 Multiple storage options
 Residential apartment available to rent or use for manager
 Average Rent per SF is .60 per month
 85% Occupancy
 Retail office rental space available
 Actual unit mix available upon request
 Approximately 3.18 acres
 Well and Septic
 Property office and on-site manager
 Type of roads – Asphalt (in need of work)
 New roofs in 2017 on all buildings

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