- For Sale $1,250,000
- Property Type Other
- Units 120
- Additional Rent Contact for pricing
- Date Updated Dec 21, 2024
John 14:6 - Jesus said unto him "I am the Way, the Truth, and the Life. No one comes to the Father except through Me".
Calvary Realty is pleased to offer Croswell Self Storage, located at 5537 Croswell Rd in Croswell, Michigan. This facility is situated on 3.17 acres in Sanilac County and features 28,400 rentable square feet, consisting of 16,400 square feet of enclosed space and 11,200 square feet designated for RV storage. With 122 units and a strong physical occupancy of 99%, the property has demonstrated consistent demand and reliable income streams. The facility, built in 1997, has benefited from recent capital improvements, including updated management software and electronic security features.
Croswell Self Storage provides convenient drive-up access for all units, enhancing the overall user experience. The facility is equipped with ESS management software, electronic gated entry, and video surveillance, ensuring secure operations and tenant peace of mind. The property has seen recent rent increases of 10%, reflecting its high demand and favorable market conditions. Additionally, with room for expansion, there is further potential to grow the facility and capitalize on its prime location.
This property presents a compelling investment opportunity, offering a competitive existing cap rate of 6.40% and a price per square foot of $76.22. Its excellent occupancy, combined with a waiting list for tenants, further highlights its operational success. Investors will appreciate the opportunity for long-term growth in a well-maintained facility with a strong tenant base and solid financials.
Reach out to the broker for more info on lease terms and amenities
Highlights
- Recent Capital Improvements
- Good Traffic Count
- 99% Occupancy With Waiting List
- Recent 10% Rent Increases
- Local Boots on Ground Personnel
- All Drive Up Access
- ESS Management Software
- Electronic Gate & Video Surveillance
- Set Up for Remote Management
- Room for Expansion
False
Contacts
Location
Getting Around
-
Walk Score ®
39/100 Car-Dependent -
Bike Score ®
40/100 Somewhat Bikeable
- City Croswell, MI
- Zip Code 48422
Points of Interest
-
Speedway
0.33 miles
-
Marathon
0.59 miles
-
BP
4.20 miles
-
Park Entrance #1 Parking Lot
5.17 miles
-
Park Entrance #2 Parking Lot
5.21 miles
-
Silver Trails Parking Lot
8.36 miles
-
The Cadillac House
4.17 miles
-
McDonald's
0.58 miles
-
Subway
0.60 miles
-
Croswell-Lexington High School
0.63 miles
-
Croswell-Lexington Middle School
0.76 miles
-
Black Creek School
3.48 miles
-
Odlum School
3.54 miles
-
Meyer Elementary School
4.10 miles
-
Montgomery School
4.33 miles
-
Burns School
4.80 miles
-
Teets School
5.68 miles
-
Applegate School
6.04 miles
-
Thorley School
6.19 miles
Frequently Asked Questions
The space currently listed for sale at Croswell Self Storage asks for $1,250,000.
Croswell Self Storage totals 3 square feet.
Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.