1145 Belsay RdBurton, MI 48509

  • Other commercial real estate
  • 5.18 AC
For Sale
$5,250,000 View listing

Property Details for 1145 Belsay Rd

Lot size
5.18 AC
Zone code
RETAIL
Property type
Other commercial real estate
APN
59-11-400-026
APU
5911400026

Description

This exceptional self-storage facility in Burton, Michigan, presents a compelling investment opportunity. Built in 1974 and extensively renovated in 2023, the property opened in January 2024 and boasts 39,913 net rentable square feet across 477 climate-controlled units. The asking price is $5,250,000, representing a price per square foot of $131.54 and a price per unit of $11,006.29. Currently operating at 22.1% occupancy, the property generates a net operating income (NOI) of $234,877, with a pro-forma NOI of $700,824 and a pro-forma cap rate of 8.22%. Strategically located near the I-69 entrance/exit ramp, this Class A facility benefits from high visibility and convenient access to nearly 10,000 vehicles daily. The surrounding area shows strong economic drivers, including manufacturing and healthcare sectors, and significant residential growth within a 5-mile radius, encompassing several multifamily developments. The facility serves a substantial population: 30,000 within 3 miles and 98,000 within 5 miles, making it an ideal investment for long-term growth and profitability. The property sits on a 5.18-acre lot and consists of a single, one-story building.

1145 Belsay Rd, Burton, Michigan
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Location Insight

City
Burton
County
Genesee
State
Michigan
Latitude
43.0241
Longitude
-83.5973
CBSA code
22420
CBSA name
FLINT, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$52,304
-
-
$1,899,600
-
-
-
$3,799,200

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