28900 Schoolcraft Rd
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28900 Schoolcraft Rd
126,944 SF Specialty Building Offered For Sale in Livonia, MI 48150
Executive Summary
• Class A Climate Controlled Storage, Covered RV Storage,Trailer Storage, U-HAUL Rental, etc.
• New construction and recently completed with Certificate of Occupancy early in March, 2024.
• Monthly positive absorption since opening.
• Onsite amenities: management office, customer P.O. boxes, customer conference room, customer lounge, propane fill station, vacuum / air station.
• 850’ of I-96 frontage along Schoolcraft Rd (service drive) visibility to 142,317 daily cars along I-96.
• 1-Mile radius to high performing: Costco, Home Depot, Menards, Walmart, Millennium Park Mall, etc.
• Gross Potential Income “AS IS” of $158,945 / month($1,907,340 / year). Currently at $93,935 / month through 10/31/2024.
• 2023 Real Estate Taxes $98,284.50(2023 Summer $47,918.55, 2023 Winter $50,365.95).
• Situated on 5.54 acres comprising a 126,944 SF +/- enclosed climate controlled “drive through” storage building and 159,920 SF +/- of surface storage area.
• 838 Units defined below:
• Climate Controlled
• 204 Interior 1st Floor Self Storage(91.2% occupied)
• 388 Interior 2nd Floor Self Storage (13.7% Occupied) - recently completed
• 35 Exterior Self Storage (88.6% occupied)
• 33 Bay Self Storage (100% occupied)
• 40 P.O. Boxes (17.5% occupied)
• Non-Climate Controlled
• 92 Covered RV Parking (89.1% occupied)
• 46 Uncovered Parking (100% occupied)
• Information available under submission of Seller provided non-disclosure agreement (“NDA”)
• Appraisal dated August 23, 2024 (performed by Colliers Valuation & Advisory Services)
• Occupancy Analysis
• Value Added Potential
• Current climate controlled lower level for additional storage for approximately 3,941 SF (Gross Potential Income $7,000 month / $84,000 year).
• Future west side drive-up storage could be added for approximately 22,300 SF (Gross Potential Income $30,340 month / $364,080 year)
• Likely “Call for Offers” date forthcoming.
• Tours available upon request
• New construction and recently completed with Certificate of Occupancy early in March, 2024.
• Monthly positive absorption since opening.
• Onsite amenities: management office, customer P.O. boxes, customer conference room, customer lounge, propane fill station, vacuum / air station.
• 850’ of I-96 frontage along Schoolcraft Rd (service drive) visibility to 142,317 daily cars along I-96.
• 1-Mile radius to high performing: Costco, Home Depot, Menards, Walmart, Millennium Park Mall, etc.
• Gross Potential Income “AS IS” of $158,945 / month($1,907,340 / year). Currently at $93,935 / month through 10/31/2024.
• 2023 Real Estate Taxes $98,284.50(2023 Summer $47,918.55, 2023 Winter $50,365.95).
• Situated on 5.54 acres comprising a 126,944 SF +/- enclosed climate controlled “drive through” storage building and 159,920 SF +/- of surface storage area.
• 838 Units defined below:
• Climate Controlled
• 204 Interior 1st Floor Self Storage(91.2% occupied)
• 388 Interior 2nd Floor Self Storage (13.7% Occupied) - recently completed
• 35 Exterior Self Storage (88.6% occupied)
• 33 Bay Self Storage (100% occupied)
• 40 P.O. Boxes (17.5% occupied)
• Non-Climate Controlled
• 92 Covered RV Parking (89.1% occupied)
• 46 Uncovered Parking (100% occupied)
• Information available under submission of Seller provided non-disclosure agreement (“NDA”)
• Appraisal dated August 23, 2024 (performed by Colliers Valuation & Advisory Services)
• Occupancy Analysis
• Value Added Potential
• Current climate controlled lower level for additional storage for approximately 3,941 SF (Gross Potential Income $7,000 month / $84,000 year).
• Future west side drive-up storage could be added for approximately 22,300 SF (Gross Potential Income $30,340 month / $364,080 year)
• Likely “Call for Offers” date forthcoming.
• Tours available upon request
Property Facts
| Sale Type | Investment | Lot Size | 5.54 AC |
| Property Type | Specialty | Building Size | 126,944 SF |
| Property Subtype | Self-Storage | No. Stories | 2 |
| Building Class | B | Year Built | 2021 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 5.54 AC |
| Building Size | 126,944 SF |
| No. Stories | 2 |
| Year Built | 2021 |
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PROPERTY TAXES
| Parcel Number | 46-095-99-0005-002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,684,700 |
PROPERTY TAXES
Parcel Number
46-095-99-0005-002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,684,700
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Sam McLean -
Kevin Tamer -
Team CORE, LLC
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28900 Schoolcraft Rd
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