00 County Line Rd
New Baltimore, MI 48047
#58050054268
Description
Sometimes the right opportunity just presents itself at exactly the right time. Discover this fantastic proposed Self Storage development in the bayside city of New Baltimore. Located on 5.65 acres, the property site plan has already been approved by city council (ready to build) and includes 4 climate controlled storage buildings with non-CC drive-ups around outside perimeters, totaling 50,120 net rentable square feet in addition to a rental office. A feasibility study, recently completed by Bob Copper of Self Storage 101, is available upon request. This is the last available industrial space in this growing community. Add it to your portfolio today. $615,473 GPI (Not Including Truck Rental, Retail Sales and other revenue services), $184,643 Expenses (30%), $430,831 NOI. Optional: Seller willing to reinvest after close of sale with partnership agreement.
Construction Details
- Property TypePurchase
Community and Neighborhood Details
- RegionNew Baltimore
- School DistrictAnchor Bay
- CountyMacomb
Other
- MLS #58050054268
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Location
Legal
Notice: This listing provided courtesy of Realcomp IDX (REALCOMP). The information contained in this listings has not been verified by us or the MLS and should be verified by the parties interested.
Last Updated: . Source: REALCOMP
Listing Courtesy
Listing Agent: Daniel Lovell (#58000000452277)
Listing Office: Ironstone Realty (#58000000071422)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
