Property profile

7475 Torrey Rd Swartz Creek, MI 48473

OFF-MARKET
Self storage facilities
64,130 SF 14.23 ac lot Built 2024
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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

Location

7475 Torrey Rd Swartz Creek, MI 48473
Swartz Creek metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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