Self Storage Facility with Climate
New
For Sale
Contact for pricing
7004 Saginaw Rd, Midland, MI 48642
A mixed-unit storage property combines climate-controlled and non-climate-controlled spaces, with room for building expansion.
Property Size51,145 SF
Price / SF$83.10
Days on Market4
Property Features for 7004 Saginaw Rd
General Information
Standard status
Active
Size
51,145 SF
Property subtype
INDUSTRIAL
Occupancy
87%
Net Operating Income
$298,174
Additional Details
Asking Price
$4,250,000
Self-Storage Units
350
Tenant in Place
Yes
Property Use
Self Storage
Listing Agency:
Matthews Real Estate Investment Services - Corporate
(866) 889-0550
Listed By:
Rob Cook · License #475171700(IL)
(872) 260-6631
Source:
Moodyscre
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 3:05PM
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 Matthews Real Estate Investment Services - Corporate
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Investment Insights
Based on property information with market context.
The self-storage facility contains 350 units across approximately 51,145 square feet of storage area. The mix includes 279 non-climate-controlled units and 71 climate-controlled units, providing two distinct storage options within the property.
Current economic and physical occupancy are each 87%. The site also presents an opportunity to add 2–3 buildings.
Current economic and physical occupancy are each 87%. The site also presents an opportunity to add 2–3 buildings.
Key Highlights
- 350 storage units
- Approximately 51,145 SF of storage area
- 71 climate‑controlled units and 279 non‑climate‑controlled units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$291,097
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,821,940
$5.8M
Cap Rate 7%
$4,158,529
$4.2M
Cap Rate 9%
$3,234,411
$3.2M
Market Conditions
NOI Build-Up for 51,145 SF
Gross rent
$368.2K $7.20/SF
− Vacancy
−$25.8K −$0.50/SF
EGI
$342.5K $6.70/SF
− OpEx
−$51.4K −$1.00/SF
NOI
$291.1K $5.69/SF
Area
Midland County, MI
Vacancy
7.00%
Lease Rate
$7.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,821,940
Cap Rate 7%
$4,158,529
Cap Rate 9%
$3,234,411
Alternative Uses
Best Use
Self Storage
$6.18M
$5.41M – $7.21M
NOI $432,411 @ 7.0% cap · market cap 10.17%
Second Best
Warehouse
$4.16M
$3.64M – $4.85M
NOI $291,097 @ 7.0% cap · market cap 6.85%
Theoretical Best
Flex RnD
$9.23M
$8.08M – $10.77M
NOI $646,188 @ 7.0% cap · market cap 15.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
87%
Occupancy
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Explore this area
Business Placement
Demographics for 48642, MI
33,457
Population
14,663
Households
2.3
Avg Household Size
40
Median Age
42%
College-Educated
96%
High-School Grad
104.7 sq mi
ZIP Area
320
Density / Sq Mi
$77,690
Median Household Income
$48,407
Median Earnings
$1,100
Median Rent
$194,100
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 - A mixed-unit storage property combines climate-controlled and non-climate-controlled spaces, with room for building expansion.
Where is this self storage facility located?
The property is located at 7004 Saginaw Rd Midland, MI.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: 350 storage units; Approximately 51,145 SF of storage area; 71 climate‑controlled units and 279 non‑climate‑controlled units
