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*New Construction* - Smart Storage

Self Storage | 470 Units | $11,702/unit

Listing Contacts

Active

Asking Price: $5,500,000
Address 

7475 Torrey Rd, Swartz Creek, MI 48473

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Date Added
Jul 18, 2024
Days on Market
243 days
Time Since Last Update
63 days

Details

Property TypeSelf Storage
Square Footage64,130
Net Rentable (sq ft)63,450
Price/Sq Ft$85.76
Cap Rate8.29%
Pro-Forma Cap Rate9.86%
Occupancy85%
NOI$456,087
Pro-Forma NOI$542,030
Units470
Year Built2024
Buildings14
Stories1
Lot Size (acres)14.23
Price/Unit$11,702.13

Marketing Description

Franklin Storage Advisors is pleased to introduce Smart Storage for sale.​ This newly completed facility boasts top-of-the-line buildings and features designed to meet the highest standards of storage convenience and security.​ It offers full automation with an optional office space, ensuring ease of operation and flexibility for tenants.​ The facility is equipped with a perimeter fence featuring a security gate system, complemented by a comprehensive camera system, and ample lighting.​

 

Conveniently situated just off both U.​S.​ 23 and I-75, Smart Storage provides excellent accessibility for customers throughout the surrounding area.​ The property is strategically placed in sight of traffic traveling on U.​S.​ 23, ensuring for optimal visibility on the heavily trafficked highway.​ The facility offers a variety of unit sizes ranging from 5x10 to 10x30, catering to various storage needs, with the added convenience of many outdoor parking options available for vehicles.​ 

Investment Highlights

  • Fully automated with optional office space

  • Conveniently located directly off both U.S. 23 and I-75

  • Fully equipped with a perimeter fence with a security gate system, a camera system and lighting throughout

  • Unit sizes ranging from 5’ x 10’ to 10’ x 30’

  • Seller financing available for 1 year with low down payment

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$456,087.00
$38,007.25/mo

Valuation Metrics

0
DSCR
8.29%
Cap Rate
8.29%
ROI

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


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