A+ Self-Storage Facility
2011 S Sheridan Rd, Lennon, Michigan, 48449
Property Details
2,390,000
31,050 sq ft
165
Description
🤝 UNDER CONTRACT 🤝 I’m pleased to present a brand-new facility, opened in May 2025, with strong tenant demand already driving income. The property is well-positioned to deliver early cash flow for investors. Seller financing available, offering a compelling and flexible investment opportunity. Seller Finance Terms (Seller Open to Negotiation): Asking Price: $2,390,000 (Reduced from $2,790,000) Down Payment: 30% Interest: 6% | Term: 5 Years Facility Highlights Prime corner location (M-13 & M-21) 165 units | 31,050 SF | Built 2024 Lot size: 7.02 acres Expansion approved → 80,420 SF total Projected Values Stabilized Phase 1 (100% Occupancy): $297,420 GPI With Expansion: $782,684 GPI → $8.316M @ 8% cap Unit Mix Includes: Small Units: 5×10, 5×15, 10×5 (drive-up & climate) Mid-Size Units: 10×10, 10×15, 10×20 (climate & non-climate) Large Units: 10×30, 10×40 drive-up rollups Rental Rates: $59 (small drive-up) – $249 (large drive-up) Location & Market Drivers: Corner frontage of M-21 (Corunna Rd) & M-13 (Sheridan Rd) High daily traffic counts in a recreation corridor! Demand fueled by growing residential communities (Lennon, Durand, Swartz Creek)
Location
2011 S Sheridan Rd, Lennon, Michigan, 48449
