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921 Corunna Ave 24,772 SF Specialty Building Offered at $2,373,064 CAD at a 7.53% Cap Rate in Owosso, MI 48867
INVESTMENT HIGHLIGHTS
- Self-storage business opportunity
- Over 95% occupancy
EXECUTIVE SUMMARY
Great investment opportunity! Self-storage property available with over 98% occupancy, with a yearly income of $168,000
This property features 6 buildings with 184 units, varying from 5'x10' units to 10'x30' units.
Currently managed by owner using Easy Storage Solutions software, fenced in property with onsite security cameras.
Property is located between Corunna and Owosso, across from apartment complex and single family neighborhood with easy access to M-52.
On this particular opportunity, selling agents will cooperate with buyer’s agents but will not compensate buyer’s agents. Buyer’s agents need to obtain their commission from their client
This property features 6 buildings with 184 units, varying from 5'x10' units to 10'x30' units.
Currently managed by owner using Easy Storage Solutions software, fenced in property with onsite security cameras.
Property is located between Corunna and Owosso, across from apartment complex and single family neighborhood with easy access to M-52.
On this particular opportunity, selling agents will cooperate with buyer’s agents but will not compensate buyer’s agents. Buyer’s agents need to obtain their commission from their client
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$234,515
|
$9.47
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$234,515
|
$9.47
|
| Taxes |
$27,307
|
$1.10
|
| Operating Expenses |
$26,606
|
$1.07
|
| Total Expenses |
$53,913
|
$2.18
|
| Net Operating Income |
$180,601
|
$7.29
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $234,515 |
| Annual Per SF | $9.47 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $234,515 |
| Annual Per SF | $9.47 |
| Taxes (CAD) | |
|---|---|
| Annual | $27,307 |
| Annual Per SF | $1.10 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $26,606 |
| Annual Per SF | $1.07 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $53,913 |
| Annual Per SF | $2.18 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $180,601 |
| Annual Per SF | $7.29 |
PROPERTY FACTS
| Price | $2,373,064 CAD | Building Class | C |
| Price Per SF | $95.80 CAD | Lot Size | 3.03 AC |
| Sale Type | Investment | Building Size | 24,772 SF |
| Cap Rate | 7.53% | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 2000/2016 |
| Property Subtype | Self-Storage | ||
| Zoning | C2 - C-2 District is designed to provide sites for more diversified business types which are oriented to serving the needs of "passerby" traffic. | ||
| Price | $2,373,064 CAD |
| Price Per SF | $95.80 CAD |
| Sale Type | Investment |
| Cap Rate | 7.53% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 3.03 AC |
| Building Size | 24,772 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2000/2016 |
| Zoning | C2 - C-2 District is designed to provide sites for more diversified business types which are oriented to serving the needs of "passerby" traffic. |
AMENITIES
- Signage
1 1
PROPERTY TAXES
| Parcel Number | 026-50-002-001 | Total Assessment | $497,060 CAD |
| Land Assessment | $0 CAD | Annual Taxes | $27,307 CAD ($1.10 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
026-50-002-001
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$497,060 CAD
Annual Taxes
$27,307 CAD ($1.10 CAD/SF)
Tax Year
2025 Payable 2025
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921 Corunna Ave
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