248-935-7237
28900 Schoolcraft Rd, Livonia, MI for Sale
Self-Storage Facilities - FOR SALE
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28900 Schoolcraft Rd
Livonia, MI 48150


OVERVIEW

• CALL FOR OFFERS: 5:00 PM on Monday, February 24, 2025 • Class A Climate Controlled Storage, Covered RV Storage,Trailer Storage, U-HAUL Rental, etc. • New construction and recently completed with Certificate of Occupancy early in March, 2024. • Monthly positive absorption since opening. • Onsite amenities: management office, customer P.O. boxes, customer conference room, customer lounge, propane fill station, vacuum / air station. • 850’ of I-96 frontage along Schoolcraft Rd (service drive) visibility to 142,317 daily cars along I-96. • 1-Mile radius to high performing: Costco, Home Depot, Menards, Walmart, Millennium Park Mall, etc. • Gross Potential Income “AS IS” of $158,945 / month($1,907,340 / year). Currently at $93,935 / month through 10/31/2024. • 2023 Real Estate Taxes $98,284.50(2023 Summer $47,918.55, 2023 Winter $50,365.95). • Situated on 5.54 acres comprising a 126,944 SF +/- enclosed climate controlled “drive through” storage building and 159,920 SF +/- of surface storage area. • 838 Units defined below: • Climate Controlled • 204 Interior 1st Floor Self Storage(91.2% occupied) • 388 Interior 2nd Floor Self Storage (13.7% Occupied) - recently completed • 35 Exterior Self Storage (88.6% occupied) • 33 Bay Self Storage (100% occupied) • 40 P.O. Boxes (17.5% occupied) • Non-Climate Controlled • 92 Covered RV Parking (89.1% occupied) • 46 Uncovered Parking (100% occupied) • Information available under submission of Seller provided non-disclosure agreement (“NDA”) • Appraisal dated August 23, 2024 (performed by Colliers Valuation & Advisory Services) • Occupancy Analysis • Value Added Potential • Current climate controlled lower level for additional storage for approximately 3,941 SF (Gross Potential Income $7,000 month / $84,000 year). • Future west side drive-up storage could be added for approximately 22,300 SF (Gross Potential Income $30,340 month / $364,080 year) • Tours available upon request

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.54 AC

LAND SF

241,322 SF

ZONING

-

APN/PARCEL ID

46-095-99-0005-002

ASK ABOUT THIS PROPERTY

Sam McLeanTeam CORE, LLCMore Info
248-935-7237

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Sam McLeanTeam CORE, LLCMore Info
248-935-7237

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.