Traditional Site

Multiple Address - Imlay City and Lapeer, MI  

Fort Knox Mini Storage is a two property self storage portfolio totalling 48,645 square feet with 337 indoor units and 45 outdoor parking spaces. The facilities are located in Imlay City and Lapeer, Michigan, approximately 17 miles apart. Both locations have an apartment for a manager's residence or rental unit and have room for storage expansion.

Fort Knox - Imlay City has 168 drive-up units totaling 23,365 square feet. Square footage occupancy is over 98% and economic occupancy is over 95%.

Fort Knox - Lapeer has 169 drive-up indoor units totaling 25,280 square feet and 46 outdoor spaces. Both square footage and economic occupancy is over 95%.

Rental rates at both facilities are being increased as of July 1, 2018 for new and current tenants. Both facilities must be purchased together. Selling financing is not available.

Both Lapeer and Imlay City are primarily residential communities located approximately 20 miles and 32 miles east of Flint, Michigan respectively. The communities have stable populations were are predicted to grow slightly in the next five years.

$3,450,000
Property Type:
Traditional Site 
Status :
Available 
Rentable Square Feet:
48,645 Sq Ft
Acreage:
5.80 Acres
# of Floors:
1 Floor
Number of Buildings:
18 Bldg(s)
Number of Units:
337 Unit(s)
Room For Expansion
Yes
Cap Rate:
6.01 %
Days Listed:
11 Days
Updated:
09/13/18 

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