JUST LISTED
Chesterfield C/O Opportunity
Chesterfield Twp, Michigan (Detroit MSA)

DEAL SUMMARY

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List Price:  TBD by Market

NRSF:        75,950

Units:         762

​​Acres:        5

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INVESTMENT HIGHLIGHTS

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PRIME LOCATION // Located in a densely populated market with car counts exceeding 32,600+ vehicles per day.

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EXCELLENT DEMOS // The three-mile trade area boasts 55,481 people, 21,722 households. While the five-mile trade area consists of 143,420 people and 55,514 households.

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FAVORABLE SUPPLY INDEX // The three-mile supply index is 8.48 sq feet per capita, while the five- mile is only 7.84 sq feet. Both are within the market average of 5.5 sq feet per capita in the Detroit MSA (source TractIQ & Radius+)

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TOP OF CLASS FINISHES // Premium class “A” construction and amenities, which will help command the highest rates in the trade area.

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GROWING MARKET // The five-mile trade area is projected to realize 2% population growth over the next five years, further insuring continued demand for self storage.

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INVESTMENT SUMMARY

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EquiCap Commercial in association with Parasell, Inc (MI Broker of Record), is pleased to offer for your consideration a top of class self storage facility to be delivered at certificate of occupancy.  

 

Located at 47435 Gratiot Avenue in Chesterfield, Mi (suburban Detroit), the three-story building sits on 5 acres and benefits from prominent visibility to the more than 32,660 cars per day. 

 

The parcel is improved with one fully climatized building that houses 762 units across 75,950 net rentable feet of space. The construction and finishes are typical of an institutional grade asset both inside and out. Top of class amenities include a well-pronounced on-site rental office, a standing seam roof (rolled on-site to eliminate seams), roof top units, multi-vehicle drive-in loading with dual elevators, LED lighting, state of the art security system, multiple entry points keypad access, Janus metal hallway systems, and an asphalt parking lot.

 

The operation is located in a densely populated, high traffic corridor. The three-mile population is 55,481  people with a supply index of 8.84 sq feet per person and the five-mile market has more than 143,400 residents and a supply index of 7.84 square feet per person (source: TractIQ).  Additionally, the three & five-mile population base is projected to grow  over 2% over the next five years, creating future demand for self storage.

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