28900 SCHOOLCRAFT RD., LIVONIA , MI 48150
INVESTMENT OFFERING - CLOVER SELF STORAGE

• 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.
• 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.
• 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).
• 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)
    
• 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)

Printable Flyer

Kevin N. Tamer

​VICE PRESIDENT​ /
​Associate Broker

[email protected]
734-624-3729

EMAIL ME

Samuel A. McLean

 
VICE PRESIDENT​
​

[email protected]
248-935-7237

EMAIL ME