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    OFF-MARKET
    Self storage facilities

    7475 Torrey Rd, Swartz Creek, MI 48473

    64,130 SF 14.23 ac lot Built 2024
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Self storage facilities
    Year built 2024
    Total area 64,130 SF
    Lot 14.23 ac (619,859 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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