1145 Belsay Rd, Burton, MI 48509-1667

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.