$1500000

ABC Storage
  • Units: 484
  • Cap Rate: -
  • Price Paying: -
  • Price Per Unit: -
  • Property Type: Commercial
  • Gross Rent Multiplier: -
  • Year Built: 2002
  • Monthly Income Per Unit: -
  • Expense to Income Ratio: -
  • Average Square Feet: -
  • Debt Service Coverage: -
  • Cash Flow: -
  • ROI Year One: -
  • Listing Agent: -
  • Property Features: INCOME PROPERTY ORGANIZATION IS PLEASED TO PRESENT THE EXCLUSIVE MARKETING OF ABC STORAGE WHICH IS LOCATED IN PONTIAC, MICHIGAN. THIS PROPERTY CONSISTS OF: 484 UNITS – 62,750 SQ. FT. VACANT LAND FOR EXPANSION – TOTAL ACREAGE 14.48 MANAGER’S APARTMENT ON-SITE THIS PROPERTY COMES WITH SEVERAL ACRES OF UNDEVELOPED LAND, FOR FUTURE GROWTH. ABC STORAGE IS SITUATED ON WALTON ROAD, TWO BLOCKS WEST OF I-75. THIS ASSET IS BEING OFFERED AS A SHORT SALE AND ANY SALE IS EXPRESSLY CONTINGENT UPON LENDER APPROVAL. AS FOR THE PROPERTY ITSELF, ABC STORAGE WAS CONSTRUCTED IN 2002. THE ASKING PRICE OF $1,500,000, OR $23.90 PER SQUARE FOOT MAKES THIS AN EXTREMELY ATTRACTIVE OFFERING. BASED ON THE ASKING PRICE, ABC STORAGE REFLECTS A 16.43% STABILIZED CAP RATE WITH A POTENTIAL STABILIZED CASH-ON-CASH RETURN IN EXCESS OF 39.82%. IT IS A SELF STORAGE FACILITY THAT CAN BE ACQUIRED AT AN ARTIFICIALLY LOW VALUE DUE TO THE SIGNIFICANT ECONOMIC DOWNTURN WHICH HAS COMPRESSED VALUE ACROSS THE NATION, AND IN PARTICULAR IN MICHIGAN. THIS SITUATION IS EXACERBATED BY A LACK OF AVAILABLE CREDIT, ALLOWING ACTIVE BUYERS TO ACQUIRE DISTRESSED PROPERTIES AT DEEP DISCOUNTS. THE ECONOMIC REWARD WILL BE SIGNIFICANT FOR OPPORTUNISTIC INVESTORS WITH AMPLE LIQUIDITY TO ACQUIRE ASSETS SUCH AS ABC STORAGE IN THIS ONCE-IN-A-LIFETIME BUYERS MARKET. ONCE YOU HAVE HAD A CHANCE TO REVIEW THE INCLUDED INFORMATION PLEASE CALL TO SET UP A CONFIDENTIAL SHOWING BEFORE THIS AGGRESSIVELY PRICED OPPORTUNITY IS GONE.
  • Interior Features: -
  • Exterior Features: -

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  • About Us

    Income Property Organization offers customized brokerage services that are designed to meet the specific needs of a wide range of clients -- private owners as well as institutional investors -- who want to buy or sell income property.
  • Contact Us

    Income Property Organization
    6421 Inkster Rd., Suite 200
    Bloomfield Hills, MI 48301
    Telephone (248) 932-0300
    Fax (248) 932-0301