2,625-Unit Self Storage
For Sale
Contact for pricing
Pending
3800 Enterprise Drive, Allen Park, MI 48101
Five-property self-storage platform serving four Midwest markets with established local management.
Property Size291,222 SF
Days on Market170
Property Features for 3800 Enterprise Drive
General Information
Standard status
Pending
Size
291,222 SF
Property subtype
Self Storage
Occupancy
81%
Investment Type
Value Add
Additional Details
Asking Price
$25,000,000
Self-Storage Units
2,625
Building Details
Buildings
42
Units
2625
Listing Agency:
Meridian Storage Group
Listed By:
Brendan Fonts · License #SL3639757
Source:
Crexi
Added: May 4
Changed: Oct 5
Last Checked: Oct 19 at 6:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Meridian Storage Group
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Investment Insights
Based on property information with market context.
This self-storage portfolio includes five properties totaling 291,222 NRSF and 2,625 units. The assets operate under consistent local management that has been in place since inception, providing an established operating framework across the platform.
The portfolio covers four Midwest markets: Allen Park, Ann Arbor, Lansing, and Toledo. Physical occupancy is 81.0%, while economic occupancy is 70.7%, offering a clear view of current operating performance across the combined assets. The portfolio is anchored by the Allen Park property at 3800 Enterprise Drive, Allen Park, MI 48101.
The portfolio covers four Midwest markets: Allen Park, Ann Arbor, Lansing, and Toledo. Physical occupancy is 81.0%, while economic occupancy is 70.7%, offering a clear view of current operating performance across the combined assets. The portfolio is anchored by the Allen Park property at 3800 Enterprise Drive, Allen Park, MI 48101.
Key Highlights
- Five self‑storage assets totaling 291,222 NRSF
- 2,625 storage units across the portfolio
- Properties located in Allen Park, Ann Arbor, Lansing, and Toledo
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,830,757
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$36,615,140
$36.6M
Cap Rate 7%
$26,153,671
$26.2M
Cap Rate 9%
$20,341,744
$20.3M
Market Conditions
NOI Build-Up for 291,222 SF
Gross rent
$2.24M $7.68/SF
− Vacancy
−$82.8K −$0.28/SF
EGI
$2.15M $7.40/SF
− OpEx
−$323.1K −$1.11/SF
NOI
$1.83M $6.29/SF
Area
Wayne County, MI
Vacancy
3.70%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$36,615,140
Cap Rate 7%
$26,153,671
Cap Rate 9%
$20,341,744
Alternative Uses
Best Use
Self Storage
$36.52M
$31.95M – $42.61M
NOI $2,556,347 @ 7.0% cap · market cap 10.23%
Second Best
Warehouse
$26.15M
$22.88M – $30.51M
NOI $1,830,757 @ 7.0% cap · market cap 7.32%
Theoretical Best
Specialty Retail
$53.92M
$47.18M – $62.90M
NOI $3,774,237 @ 7.0% cap · market cap 15.10%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
343
Businesses Nearby
Explore this area
Business Placement
Demographics for 48101, MI
28,664
Population
12,413
Households
2.3
Avg Household Size
41
Median Age
30%
College-Educated
94%
High-School Grad
7.0 sq mi
ZIP Area
4,095
Density / Sq Mi
$80,045
Median Household Income
$51,658
Median Earnings
$1,181
Median Rent
$174,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Self storage facility - Five-property self-storage platform serving four Midwest markets with established local management.
Where is this self storage facility located?
The property is located at 3800 Enterprise Drive Allen Park, MI.
What is the asking price?
The asking price for this property is $25,000,000.
What are key features of this property?
This property features: Five self‑storage assets totaling 291,222 NRSF; 2,625 storage units across the portfolio; Properties located in Allen Park, Ann Arbor, Lansing, and Toledo
