Published on: Tuesday, November 19, 2024
Updated on: Tuesday, November 19, 2024
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About the Lister
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Name: Milburn Stevens
Company: Calvary Realty
Office Phone: (760) 641-0511
Cell Phone: (760) 641-0511
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Financing  Business  Material
  Thumb Storage and Business Suites
977 N Van Dyke Rd Bad Axe Michigan , 48413
977 N Van Dyke Rd Bad Axe Michigan                                                                                            , 48413Calvary Realty
Listing ID: CL-Michigan-12833

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 0.63
Net Operating Income: Contact Lister
Commission Split (%): 0
Quick Glance
Listing ID: CL-Michigan-12833
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: 28%
Year Build: 2019
Building Size: 34,289.00 SqFt
Lot Size: N/A
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 present Thumb Storage & Business Suites, a prime storage investment located at 977 N Van Dyke Rd in Bad Axe, Michigan. This facility sits on 4.14 acres in Huron County, with a population of 30,927.
Complete Details
Year Build: 2019
Building Size: 34,289
No of Stories: N/A
Total Lot Area: N/A SqFt.
No of Parking: N/A
No of Total Units: 231
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: 28%
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 present Thumb Storage & Business Suites, a prime storage investment located at 977 N Van Dyke Rd in Bad Axe, Michigan. This facility sits on 4.14 acres in Huron County, with a population of 30,927. The property features a total of 64,789 rentable square feet, with 34,289 square feet of enclosed space and 30,500 square feet of unenclosed storage. Converted in 2019, the facility consists of 231 units and offers a strong opportunity for occupancy growth, with the current physical occupancy at 28%. Thumb Storage is equipped with modern amenities, including ESS management software for seamless operations, electronic entrance gates, and security cameras. The facility has undergone recent capital improvements, ensuring its readiness for future tenants. Positioned at a signalized intersection with a traffic count of 5,770 vehicles per day, the property benefits from good visibility and accessibility. The fenced and lit premises further enhance security, making it an attractive option for both renters and investors. With a low price per square foot and a pro forma cap rate of 14.21%, this property presents substantial upside potential for expansion and increased occupancy. Investors will appreciate the growth opportunities offered by the underutilized enclosed square footage and the potential for further development. Thumb Storage & Business Suites stands as a solid investment with long-term potential in a growing market.
Additional Properties
Property Highlights
  • Priced Below Replacement Cost
  • Low Price Per Square Foot
  • Signalized Intersection
  • Good Traffic Count
  • Fencing, Lighting, & Security Cameras
  • ESS Management Software
  • Unused Enclosed Square Footage
  • Occupancy Upside
  • Recent Conversion
  • Electronic Entrance Gate
  • Expansion Potential
  • Recent Capital Improvements
Features
  • Year Built 1980 (2019 Conversion)
  • Unenclosed Sq. Ft. : 30,500
  • Enclosed Sq. Ft. : 34,289
  • Acreage : 4.14
Listing Location
Attached Documents
  • Download | Length-of-Stay-Report-pdf.pdf ( 22.67KB)
  • Download | management-summary-2024-pdf.pdf ( 25.77KB)
  • Download | Occupancy-History-2023-pdf.pdf ( 39.82KB)
  • Download | Occupancy-History-2024-pdf.pdf ( 39.15KB)
  • Download | Occupancy-pdf.pdf ( 30.00KB)
  • Download | OM-Thumb-Storage-Bad-Axe-MI-2024-pdf.pdf ( 6,708.25KB)
  • Download | Rent-Roll-pdf.pdf ( 51.07KB)
  • Download | Square-Footage-pdf.pdf ( 23.91KB)
  • Download | Thumb-Storage-and-Suite-Solutions-Units-pdf.pdf ( 235.99KB)
  • Download | Title-Profile-pdf.pdf ( 206.47KB)
  • Download | Units-List-pdf.pdf ( 73.77KB)
  • Download | Unit-Status-Report-pdf.pdf ( 26.83KB)
  • Download | Vacant-Units-pdf.pdf ( 24.52KB)
  • Download | yearly-revenues-2022-pdf.pdf ( 22.37KB)
  • Download | yearly-revenues-2023-pdf.pdf ( 22.32KB)
  • Download | yearly-revenues-2024-pdf.pdf ( 22.11KB)
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