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3451 Michigan 37 - Forward Storage 47,739 SF Specialty Building Offered For Sale in Middleville, MI 49333
Investment Highlights
- Class A Asset: excellent opportunity to acquire five newly constructed self-storage buildings in the affluent, growing market of Middleville, Michigan
- Lease-Up and Revenue Upside Opportunity: the facility has leased up to 65% unit occupancy, providing a clear path for future revenue growth
- Great Frontage, Visibility, and Access: along M-37 (12,911 VPD), a major north-south arterial road
- Premium Unit Mix: totaling 45,200 NRSF of 100% single-story, drive up product
- Fully Fenced, Lit, and Secure: facility with access control
- Strong Local Demographics: 16k population, $115k AHHI, and 8.9% pop growth in 5-yr (5-mi)
Executive Summary
Forward Storage is a 45,200 NRSF facility situated in a high-growth / high-income Grand Rapids submarket in Middleville, Michigan.
The property is positioned within the thriving metropolitan area of Grand Rapids (top 50 MSA), benefiting from strong economic fundamentals, population growth, and high median household incomes. The MSA has demonstrated a robust real estate market and is poised for continued expansion, supporting the asset’s potential for continued lease-up velocity, rental rate growth, and high occupancy rates. This asset is ideally positioned for investors seeking exposure to an established and rapidly growing self storage market.
This Class A facility, which opened in November 2023, features 100% single-story, drive-up self storage product across 203 units. The asset boasts best-in-class construction and prime frontage/access along M-37 (13k vehicles per day). The 5-mi population surrounding the subject property is 16k with 8.9% projected growth (5-yr) and average HH incomes of $115k.
The property is positioned within the thriving metropolitan area of Grand Rapids (top 50 MSA), benefiting from strong economic fundamentals, population growth, and high median household incomes. The MSA has demonstrated a robust real estate market and is poised for continued expansion, supporting the asset’s potential for continued lease-up velocity, rental rate growth, and high occupancy rates. This asset is ideally positioned for investors seeking exposure to an established and rapidly growing self storage market.
This Class A facility, which opened in November 2023, features 100% single-story, drive-up self storage product across 203 units. The asset boasts best-in-class construction and prime frontage/access along M-37 (13k vehicles per day). The 5-mi population surrounding the subject property is 16k with 8.9% projected growth (5-yr) and average HH incomes of $115k.
Property Facts
| Sale Type | Investment | Building Size | 47,740 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Self-Storage | Year Built | 2024 |
| Building Class | B | Parking Ratio | 0.22/1,000 SF |
| Lot Size | 6.64 AC | ||
| Zoning | L-1 - Industrial Zoned District | ||
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 6.64 AC |
| Building Size | 47,740 SF |
| No. Stories | 1 |
| Year Built | 2024 |
| Parking Ratio | 0.22/1,000 SF |
| Zoning | L-1 - Industrial Zoned District |
Amenities
- Property Manager on Site
- Signage
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 08-14-027-002-09 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,077,922 CAD |
Property Taxes
Parcel Number
08-14-027-002-09
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,077,922 CAD
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3451 Michigan 37 - Forward Storage
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