Storage Facility Investment Opportunity

Industrial for Sale
Catylist Listing ID: 30258864
Property Subtypes: Self Storage
Building Size (RSF): 16,960 SF
Gross Building Area: See Agent
Gross Land Area: 1.70 Acres
Sale Price: $975,000
Unit Price: $57.49 PSF
Ceiling: 10 ft.
Office SF: 200 SF
Property Use Type: Investment
Building Name: Walker Self Storage
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 8/16/2018

Overview / Comments

16,960 SF of self storage space with 94 storage units on 1.7 acres available for sale. This great investment opportunity is in a great location. Close to I-94 and major businesses like the new Meijer and Bissell Corporation Headquarters.

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: 3 Mile Corridor
Tax ID/APN: 41-13-10-327-010
Zoning: ML
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 1
Year Built: 2016
Construction/Siding: Wood Shingle
Parking Type: Surface
Overhead Cranes: Undisclosed
Legal Description: PART OF SW 1/4 COM AT CEN OF SEC TH N 89D 00M 50S W ALONG E&W 1/4 LINE 573.95 FT TO BEG OF THIS DESC - TH S 3D 41M 45S E 453.50 FT TO N LINE OF CENTRAL MICHIGAN /FORMERLY GT/ RR R/W /100 FT WIDE/ TH NWLY 307.10 FT ALONG SD N LINE ON A 5116.0 FT RAD CURVE TO RT /LONG CHORD BEARS N 56D 32M 58S W 307.07 FT TO CL OF WALKER AVE TH N 12D 45M 00S W ALONG SD CL 295.62 FT TO E&W 1/4 LINE TH S 89D 00M 50S E ALONG E&W 1/4 LINE 292.26 FT TO BEG * SEC 10 T7N R12W 2.25 AC.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,967 73,773 178,868
Median Age: 42.85 34.26 33.44
Households: 1,310 30,201 70,025
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.