Priceless Storage — Sale in Lowell, MI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Lowell, MI 49331
  • Year built: 2009

Photos

Priceless Storage — Sale in Lowell, MI, photo 1 of 2
Priceless Storage — Sale in Lowell, MI, photo 2 of 2

Investment Figures

Cap rate
6.55%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to offer for sale Priceless Storage located in Lowell, Michigan. This Grand Rapids area facility features 247 non-climate-controlled units and 24 outdoor parking spaces totaling 41,800 net rentable square feet. The site is currently remote managed with below market rents. There is expansion potential as well by removing the outdoor parking and adding storage buildings or potentially a management office. Investment Highlights: • Grand Rapids, Michigan MSA Self-Storage Offering • 41,800 Net Rentable Square Feet • 247 Non-Climate-Controlled Units and 24 Outdoor Parking Spaces • Current Remote Management • Room for Expansion: Potential to Replace Outdoor Parking with Additional Self-Storage Buildings or a Management Office

Market Context

This commercial property in Lowell, MI is listed for sale. It is offered at an approximate 6.5% capitalization rate, a key benchmark for income-producing commercial property assets. The building dates to 2009. Compare it against other commercial property listings for sale in Lowell, MI — view the full market.

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