Marcus & Millichap is pleased to offer for sale a two-property self storage portfolio located in Mount Morris, Michigan. The two facilities are Mt. Morris Self Storage located at 9030 N Saginaw Road and Stor & Lock Storage located at 9125 N Saginaw Road. They are located one tenth of a mile apart. Mt. Morris Self Storage features 282 standard drive-up units and 5 retail spaces, and the Stor & Lock location features 191 standard drive-up units, totaling 478 units and 75,100 net rentable square feet. The Stor & Lock location also has 45 parking spaces.
Both facilities are within close proximity to many restaurant chains, hotels, retail stores, community colleges, and churches. There are over 52,000 people located within a five-mile radius. Additionally, the properties are in an area with strong self storage occupancy statistics.
This investment opportunity is being offered at $3.75 million or $49.93 per rentable square foot.