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6812 N Saginaw Rd - Bakus Self Storage 51,145 SF Specialty Building Offered at $6,338,205 CAD at a 6.48% Cap Rate in Midland, MI 48642
Investment Highlights
- 350-unit self-storage facility with 92% physical occupancy and 86% economic occupancy
- ±51,145 SF net rentable with 279 non-climate and 71 climate controlled units
- Cintas warehouse lease originating 2006 contributing $28,032 in annual other income
- Current NOI of $291,395 with Year 4 NOI projected at $349,600
- Expansion opportunity for 2-3 additional buildings on ±6.08-acre site
- 5-mile avg HH income of $130,025; rates exceed local competitive average
Executive Summary
Matt Fitzgerald
License # 6502432668, 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # 6502432668, 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
| Price | $6,338,205 CAD | Property Type | Specialty |
| Price Per SF | $123.93 CAD | Building Size | 51,145 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.48% | Year Built | 1975 |
| Price | $6,338,205 CAD |
| Price Per SF | $123.93 CAD |
| Sale Type | Investment |
| Cap Rate | 6.48% |
| Property Type | Specialty |
| Building Size | 51,145 SF |
| No. Stories | 1 |
| Year Built | 1975 |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 13-02-20-124 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $283,809 CAD |
Property Taxes
Parcel Number
13-02-20-124
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$283,809 CAD
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6812 N Saginaw Rd - Bakus Self Storage
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