Hodge Podge Self Storage
Value Add Opportunity: Significant Room for Expansion
Marketing description
Hodge Podge Self Storage offers exceptional upside potential with a preliminary site plan already in place to expand the facility by an additional 20,115 square feet of storage. A professional feasibility study conducted by Self Storage 101 supports moving forward with the expansion, making this a strategic opportunity for investors looking to increase both income capacity and long-term value.
The facility is well-positioned for revenue growth, with the ability to raise current rental rates by approximately 10% to align with standard market pricing. A strong base of long-term tenants provides immediate stability and consistent cash flow, while leaving room to optimize income over time.
Located in a market with a population exceeding 40,000 within the City of Saginaw, the property benefits from solid local demand and limited nearby competition, with the closest competing facility situated approximately two miles away. This combination of demand, stability, and expansion potential makes it a compelling investment opportunity.
Investment highlights
• Room to expand - Preliminary site plan completed to build an additional 20,115 square feet of storage
• Feasibility study completed by Self Storage 101 and recommended moving forward on the expansion
• Potential to raise rates by 10% to standard market rates
• Many long term tenants in place
• Large population of over 40,000 in the City of Saginaw
• Closest competitor is 2 miles away
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