$325000

Copemish Self Storage
  • Units: 53
  • Cap Rate: 10.27 Percent
  • Price Paying: 31.55 sqft
  • Price Per Unit: $6132
  • Property Type: Commercial
  • Gross Rent Multiplier: 6.03
  • Year Built: 2004-2006
  • Monthly Income Per Unit: $80.16
  • Expense to Income Ratio: 38.04 Percent
  • Average Square Feet: 184
  • Debt Service Coverage: 1.73
  • Cash Flow: 14072
  • ROI Year One: 17.32
  • Listing Agent: Bruce Lister
  • Property Features: Income Property Organization is pleased to present the Exclusive marketing of Copemish Self Storage, which consists of 11,100 square feet of self-storage, along with a resale shop and a home on-site. It is situated on a busy highway (M -115), just south of Copemish.

    As for the property itself, it is a Class A facility, newly constructed in 2004 - 2006. It consists of three custom designed storage buildings with removable wall partitions. The buildings are single story metal sided construction with wood frames, built on concrete slab foundations. This property has an area for future expansion.

    Currently this property is 100 percent occupied. Based on its financials, Copemish Self Storage has a 10.27% cap rate, and a cash-on-cash rate of 17.32% at the offering price of $325,000. Between the actual income stream of this asset and the outstanding physical condition, this investment opportunity is a “turn-key” operation that can be acquired at a great price.

    Copemish Self Storage, is a great investment for someone entering the market or an experienced investor interesting in expanding their holdings.

    Once you have had a chance to review the included information, please call to set up a confidential showing before this opportunity is gone.

  • Interior Features: -
  • Exterior Features: -

Location


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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