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7685 W Houghton Lake Dr - Two Bears Storage 30,000 SF Specialty Building Offered at $2,448,604 CAD at a 10.49% Cap Rate in Houghton Lake, MI 48629
INVESTMENT HIGHLIGHTS
- Very attractive yield projections upon stabilization of the second phase.
- Currently operated by “Mom and Pop” ownership with no formal advertising, presenting a clear opportunity for professional management and marketing.
- Strategically located adjacent to Michigan’s largest inland lake, benefiting from sustained demand driven by vacationers and second-home owners.
- Approximately 5 acres of remaining land with approved plans for an additional ±16,000 net rentable square feet of self-storage or Boat & RV parking,
EXECUTIVE SUMMARY
Matthew Fitzgerald
License # 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
| Price | $2,448,604 CAD | Building Class | C |
| Price Per SF | $81.62 CAD | Lot Size | 9.00 AC |
| Sale Type | Investment | Building Size | 30,000 SF |
| Cap Rate | 10.49% | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 1980/2023 |
| Property Subtype | Self-Storage | Opportunity Zone |
Yes
|
| Price | $2,448,604 CAD |
| Price Per SF | $81.62 CAD |
| Sale Type | Investment |
| Cap Rate | 10.49% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 9.00 AC |
| Building Size | 30,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1980/2023 |
| Opportunity Zone |
Yes |
1 1
PROPERTY TAXES
| Parcel Number | 011-203-016-0155 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $297,822 CAD |
PROPERTY TAXES
Parcel Number
011-203-016-0155
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$297,822 CAD
CONTACTS
-
Campbell Watkins -
Hunter Reynolds -
Austin McLeod -
Matthews Real Estate Investment Services
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7685 W Houghton Lake Dr - Two Bears Storage
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