3770 S US Highway 27 - Self-Storage
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3770 S US Highway 27 - Self-Storage
82,185 SF Specialty Building Offered at $6,200,000 at a 9.44% Cap Rate in Saint Johns, MI 48879
Investment Highlights
- Brand New Self-Storage Center
- Fenced in property with security camera coverage
- Excellent frontage on US-27
Executive Summary
Self-storage investment opportunity! Brand new self-storage location with over 82,000 SF of storage units which include climate controlled, drive-up storage, vehicle, RV and boat storage. Property features on-site office, approximately 489 sf, with service desk and retail sale of pack and moving supplies. Fully fenced in property with security camera coverage. Business sits on 6.6 acres on S-US 27 between the communities of St. John's and Dewitt. The business offers online reserving, renting and tenant portal for payment. Financials available upon request.
· Climate-Controlled Units: Our facility boasts the only climate-controlled storage in St. Johns.
· Drive-Up Units: Our drive-up units are available in multiple sizes, including large spaces for vehicles and equipment. Choose from 10x10 to 14x40x16 ft units, ideal for RV and boat storage.
· Canopy Units: We also offer 12x45 ft canopy units.
· Security: Space Cubed is fully fenced and equipped with comprehensive security camera coverage.
· Leased Up: Opened in April 2024, our facility is 29% leased, highlighting the strong demand in the area.
· Demographics: With an average household income of $105,203 and a population of 39,714 within a 10-mile radius, our location serves a thriving community. The square footage per capita rate of 8.1% underscores the need for quality storage solutions in St. Johns. 20 minutes north of Lansing and 5 minutes north of Dewitt.
· Climate-Controlled Units: Our facility boasts the only climate-controlled storage in St. Johns.
· Drive-Up Units: Our drive-up units are available in multiple sizes, including large spaces for vehicles and equipment. Choose from 10x10 to 14x40x16 ft units, ideal for RV and boat storage.
· Canopy Units: We also offer 12x45 ft canopy units.
· Security: Space Cubed is fully fenced and equipped with comprehensive security camera coverage.
· Leased Up: Opened in April 2024, our facility is 29% leased, highlighting the strong demand in the area.
· Demographics: With an average household income of $105,203 and a population of 39,714 within a 10-mile radius, our location serves a thriving community. The square footage per capita rate of 8.1% underscores the need for quality storage solutions in St. Johns. 20 minutes north of Lansing and 5 minutes north of Dewitt.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $6,200,000 | Building Class | B |
| Price Per SF | $75 | Lot Size | 6.60 AC |
| Sale Type | Investment | Building Size | 82,185 SF |
| Cap Rate | 9.44% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2024 |
| Property Subtype | Self-Storage | Parking Ratio | 0.06/1,000 SF |
| Price | $6,200,000 |
| Price Per SF | $75 |
| Sale Type | Investment |
| Cap Rate | 9.44% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 6.60 AC |
| Building Size | 82,185 SF |
| No. Stories | 1 |
| Year Built | 2024 |
| Parking Ratio | 0.06/1,000 SF |
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PROPERTY TAXES
| Parcel Number | 030-028-400-038-01 | Improvements Assessment | $0 |
| Land Assessment | $78,300 | Total Assessment | $78,300 |
PROPERTY TAXES
Parcel Number
030-028-400-038-01
Land Assessment
$78,300
Improvements Assessment
$0
Total Assessment
$78,300
zoning
| Zoning Code | CM (General Commercial Zoning) |
| CM (General Commercial Zoning) |
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3770 S US Highway 27 - Self-Storage
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