Published on: Tuesday, November 19, 2024
Updated on: Tuesday, November 19, 2024
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About the Lister
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Name: Brandon Robinson
Company: Calvary Realty
Office Phone: (909)380-0073
Cell Phone: (760)534-8135
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  Croswell Self Storage
5537 Croswell Rd Croswell Michigan , 48422
5537 Croswell Rd Croswell Michigan                                                                                            , 48422Calvary Realty
Listing ID: CL-Michigan-12839

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 6.4
Net Operating Income: Contact Lister
Commission Split (%): 0
Quick Glance
Listing ID: CL-Michigan-12839
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: 99%
Year Build: 1997
Building Size: 27,600.00 SqFt
Lot Size: 138,085.00 SqFt.
No of Stories: N/A
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Listing Summary
Calvary Realty is pleased to offer Croswell Self Storage, located at 5537 Croswell Rd in Croswell, Michigan. This facility is situated on 3.17 acres in Sanilac County and features 28,400 rentable square feet, consisting of 16,400 square feet of enclosed space and 11,200 square feet designated for RV storage.
Complete Details
Year Build: 1997
Building Size: 27,600
No of Stories: N/A
Total Lot Area: 138085 SqFt.
No of Parking: N/A
No of Total Units: 120
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: Not Specified
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 99%
Full Description
John 14:6 - Jesus said unto him "I am the Way, the Truth, and the Life. No one comes to the Father except through Me". Calvary Realty is pleased to offer Croswell Self Storage, located at 5537 Croswell Rd in Croswell, Michigan. This facility is situated on 3.17 acres in Sanilac County and features 28,400 rentable square feet, consisting of 16,400 square feet of enclosed space and 11,200 square feet designated for RV storage. With 122 units and a strong physical occupancy of 99%, the property has demonstrated consistent demand and reliable income streams. The facility, built in 1997, has benefited from recent capital improvements, including updated management software and electronic security features. Croswell Self Storage provides convenient drive-up access for all units, enhancing the overall user experience. The facility is equipped with ESS management software, electronic gated entry, and video surveillance, ensuring secure operations and tenant peace of mind. The property has seen recent rent increases of 10%, reflecting its high demand and favorable market conditions. Additionally, with room for expansion, there is further potential to grow the facility and capitalize on its prime location. This property presents a compelling investment opportunity, offering a competitive existing cap rate of 6.40% and a price per square foot of $76.22. Its excellent occupancy, combined with a waiting list for tenants, further highlights its operational success. Investors will appreciate the opportunity for long-term growth in a well-maintained facility with a strong tenant base and solid financials.
Additional Properties
Property Highlights
  • Recent Capital Improvements
  • Good Traffic Count
  • 99% Occupancy With Waiting List
  • Recent 10% Rent Increases
  • Local Boots on Ground Personnel
  • All Drive Up Access
  • ESS Management Software
  • Electronic Gate & Video Surveillance
  • Set Up for Remote Management
  • Room for Expansion
Features
  • Occupancy : 99% With Waiting List
Listing Location
Attached Documents
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Listing ID: CL-California-12860
Listing Type: Commercial
Category: Industrial - Self-Storage Facility
Status: Active
Created On: 11/19/2024
Modified On: 11/19/2024
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Address: 7627 Memorial Dr , Rosepine Louisiana 70659
Listing ID: CL-Louisiana-12852
Listing Type: Commercial
Category: Industrial - Self-Storage Facility
Status: Active
Created On: 11/19/2024
Modified On: 11/19/2024
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Address: Highway 395 & Seneca , Adelanto California 92301
Listing ID: CL-California-12834
Listing Type: Commercial
Category: Industrial - Warehouse
Status: Active
Created On: 11/19/2024
Modified On: 11/19/2024
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Address: 4301 N. 4th Street , Enid Oklahoma 73701
Listing ID: CL-Oklahoma-12832
Listing Type: Commercial
Category: Industrial - Warehouse
Status: Active
Created On: 11/19/2024
Modified On: 11/19/2024
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