Grand Ledge Comet Mini Storage

62,590 NRSF | 468 Units | Grand Ledge, MI

Under LOI

INVESTMENT OVERVIEW

Grand Ledge Comet Mini Storage

Grand Ledge Comet Mini Storage is a turn-key class B+ two-property portfolio located in Grand Ledge, MI. These facilities comprise of 62,590 NRSF of self-storage among 468 units.

Each of the two facilities are situated on 3 acres of land on the intersection of Village Drive and North Hartel Road. The 3-Mile market boasts an impressive $113,597 average household income with a relatively low square foot per capita for non-climate self-storage, at 8.1.

The facilities were built in 2019 and the final phase began leasing up Spring of 2024, hence its current 64.3% physical occupancy. Grand Ledge Comet Mini Storage is primed for a continuously strong lease-up trajectory and is ready for a new owner.

INVESTMENT HIGHLIGHTS

  • 64.3% Physically Occupied with Opportunity to Implement Professional Management
  • Turn-Key Assets with Little-to-no CapEX Required
  • Strong Lease-Up Trajectory
  • 8.1 SF/Capita (Non-Climate)
  • Strong Average Household Income $113,597 (3-Mile Radius)

FACILITY SUMMARY

Property Name: Grand Ledge Comet Mini Storage
Address: 11559 N Hartel Rd, Grand Ledge, MI 48837
11508 N Hartel Rd, Grand Ledge, MI 48837
County: Eaton County
Land Size: 6 Acres
Total NRSF: 62,590 NRSF
Total Units:  468 Units
Physical Occupancy: 64.3%
Economic Occupancy: 56.1%
Building Count: 18 Buildings