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$ 750,000
Est. payment | /mo
12,000 SqFt
$ 750,000
Est. payment | /mo
12,000 SqFt
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $62
Subdivision Mi
MLS Listing ID 70493002
Year Built 2019
Annual Tax Amount $9,165
Tax Year 2024
Lot Size 2.200 Acres
Acres 2.2
Lot Dimensions 287x330 m/l
Property Sub-Type Business
Property Description
Great self-storage investment producing consistent monthly cash flow with minimal owner involvement. Conveniently located between US-31 and Stony/Silver Lakes, this property provides high visibility and easy access. It has experienced steady occupancy growth year after year and is ready for the next phase of expansion. Current ownership recommends constructing 1 more building and adding fencing to attract RV & boat storage. Built in 2019 & 2022, the buildings features industry-standard Trachte all-steel construction for durability and low maintenance. The property is already set up for easy remote management and all tenants are on monthly autopay. The seller is willing to train the new owner. Priced at an attractive 8% cap rate, with value-add opportunity, this is an investment that is hard to beat.
Location
State MI
County Oceana
Area Benona Twp (64001)
Interior
Heating None
Exterior
Roof Type Metal
Building
Structure Type Metal,Steel
Others
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Wickstra Realty, Inc.
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