Listed by Friedman Real Estate
$14,000,000
Newly-constructed Extra Space Self-Storage - Opened 9/19/25.
Details
APN 77 054 01 0046 000
Property Type Industrial, Self Storage
Sub Type Warehouse
Square Footage 61,750
Net Rentable (SqFt) 58,000
Units 626
Class A
Year Built 1925
Year Renovated 2025
Buildings 1
Stories 2
Acreage 4.150
Zoning I-1
Investment Type Owner/User
Occupancy Date 08/01/2025
Industrial | 61,750 SqFt
Marketing description
On behalf of the Seller, Friedman is proud to bring this newly-constructed Extra Space Self-Storage facility to market. The 57k NRSF Self-Storage facility opened on September 19th in prestigious Northville. this will be the only large Self-Storage facility in Northville and the last Self-Storage facility allowed in the town.
Buyers should also know that there is 2.35 acre lot to the North available for sale, the Seller’s construction loan is assumable (with additional draw, and incredibly favorable terms), and the property will receive a $138k tax reimbursement for the next SEVEN YEARS!
Investment highlights
- Fully-climatized, newly constructed facility delivered with COO by end of July 2025
- Undersupplied market (6.71 and 7.5 NRSF/Capita per Radius+ and StorTrack, respectively)
- Population 178k with 5.1% growth forecasted for the next three years
- Excellent rent market and Average HHI is $165k
- 96% of property taxes reimbursed for the next 11 years
- Tax protected: Assessed value for the land and improvements are locked in for the next 12 years
- 2.35-acre lot to the North available for sale
- Seller’s construction loan is assumable with incredibly favorable terms and has $1.65M that can still be drawn
Listing Contacts
Listed by Friedman Real Estate
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