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.
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 7.04% and a price per square foot of $70.12. 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.
Quick Glance
- Listing ID:
CL-Michigan-12839
- Status:
Active
- Year Build:
1997
- Building Size:
27,600 SqFt
- Lot Size:
138,085.00 Acre