sale

West Dickman Road Self Storage

4325 W. Dickman Road
Springfield, MI
49037

PROPERTY INFORMATION

Description:

Pogoda Companies is proud to announce the sale of West Dickman Road Self Storage in Battle Creek, Michigan.  The property was originally built in 2004, and consists of over 40,000 sq.ft. of storage space and a property office.  For the past 8 years, the facility has remained at a nearly full capacity, which led the owners to recently deciding to expand the property.  Started earlier this year, a new site across the street has begun.  The site currently consists of 13,660 sq. ft. of self storage space and a contractor’s office with an attached garage.

Both sites are quality, metal-built constructions from Trachte.  Both sites have asphalt driveways, perimeter fencing, key pad entry systems, and security cameras.  The new site is over 50% occupied in just under 6 months.  Market rent for that space should be around $1,500 to $2,000/month.  The new site has the ability to expand by another 30,000 sq. ft. which can be used for either additional storage space or outdoor parking for both boat and RV spaces.

Asking Price:
$3,000,000
Cap Rate:
7.68
Price/Sq. Ft.:
$55.79
Price Per Unit:
$8,928.57
Square Footage:
± 53,774 SF
# of Units:
336

ADDITIONAL INFORMATION


FOR MORE INFORMATION, CONTACT:

mfloria@pogodaco.com
248-420-4612
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