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$ 750,000
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Active
5450 W Shelby RD Shelby, MI 49455
12,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type BusinessandRealEstate
Listing Status Active
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $62
MLS Listing ID 67025046339
Year Built 2019
Lot Size 2 Sqft
Property Sub-Type BusinessandRealEstate
Property Description
Great self-storage investment producing consistent monthly cash flow with minimal owner involvement. Conveniently located between US-31 and Stony/Silver Lakes, this property provides high visibility and easy access. It has experienced steady occupancy growth year after year and is ready for the next phase of expansion. Current ownership recommends constructing 1 more building and adding fencing to attract RV & boat storage. Built in 2019 & 2022, the buildings features industry-standard Trachte all-steel construction for durability and low maintenance. The property is already set up for easy remote management and all tenants are on monthly autopay. The seller is willing to train the new owner. Priced at an attractive 8% cap rate, with value-add opportunity, this is an investment that is hard to beat.
Location
State MI
County Oceana
Area Area64091Benonatwp
Interior
Heating None
Exterior
Parking Features Gravel
View Y/N No
Roof Type Metal
Building
Lot Description Easement
Foundation Slab
Schools
School District Shelby
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Calvin Roskam of Wickstra Realty, Inc.
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