7475 Torrey Rd Swartz Creek, MI 48473
- Self storage facilities
- 64,130 SF
- 14.23 lot acres
Current Use by Public Records
- Self storage facilities
Property Details for 7475 Torrey Rd
- Year built
- 2024
- Lot size
- 14.23 lot acres
- Property size
- 64,130 SF
- Property type
- Self storage facilities
Description
This exceptional 64,130 square foot self-storage facility in Swartz Creek, Michigan, presents a compelling investment opportunity. Boasting 470 units ranging in size from 5x10 to 10x30, this 2024-built property sits on 14.23 acres and offers 63,450 square feet of net rentable space. Currently operating at 85% occupancy, the property generates a strong NOI of $456,087, with a pro-forma NOI of $542,030 and a pro-forma cap rate of 9.86%. The asking price is $5,500,000, translating to $85.76 per square foot and $11,702.13 per unit. Key features include a fully automated system with optional office space, a secure perimeter fence with a security gate and camera system, ample lighting, and convenient access to US-23 and I-75, ensuring high visibility and accessibility. The property offers numerous outdoor parking spaces for added convenience. Seller financing is available for one year with a low down payment. This is a turnkey operation with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Swartz Creek
- County
- Genesee
- State
- Michigan
- Longitude
- -83.7303
- Latitude
- 42.9162
