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6812 N Saginaw Rd
Midland, MI 48642

$4,500,000 USD

Self Storage For Sale  •  51,145 SF

Property Details

  • Property Type Self Storage
  • Total Building Size 51,145 SF
  • Lot Size 2 AC
  • Building Class C
  • Year Built 1975
10 Walk Score

Highlights

350-unit self-storage facility with 92% physical occupancy and 86% economic occupancy
Current NOI of $291,395 with Year 4 NOI projected at $349,600
±51,145 SF net rentable with 279 non-climate and 71 climate controlled units
Expansion opportunity for 2-3 additional buildings on ±6.08-acre site
Cintas warehouse lease originating 2006 contributing $28,032 in annual other income
5-mile avg HH income of $130,025; rates exceed local competitive average

Public Transportation

AirportDriveWalkDistance
MBS International 25 min - 18.2 mi
Robert Cook 708-243-9414 Matthews REIS
Robert Cook 708-243-9414 Matthews REIS