JUST LISTED

Detroit Metro C/O Opportunity
Warren, Michigan

Exclusively Listed By:
EquiCap Commercial in association with Parasell, Inc. (MI Broker of Record)

DEAL SUMMARY

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List Price:  TBD by Market

NRSF:        65,100

Units:         651

​​Acres:        2.288​

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INVESTMENT HIGHLIGHTS

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PRIME LOCATION // Located in a densely populated market with car counts exceeding 17,500+ vehicles per day.

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EXCELLENT DEMOS // The three-mile trade area boasts 124,600 people, 59,446 households. While the five-mile trade area consists of 348,682 people and 162,457 households.

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FAVORABLE SUPPLY INDEX // The three-mile supply index is 5.13 sq feet per capita, while the five-mile is only 4.87 sq feet. Both are below the market average of 5.5 sq feet per capita in the Detroit MSA (source Yardi Matrix & 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 24% 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.

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The parcel is improved with one fully climatized building that houses 651 units across 65,100 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), six 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.

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The operation is located in a densely populated, and under served market. The three-mile population is 124,600 people with a supply index of 5.13 sq feet per person and the five-mile market has more than 348,000 residents and a low supply index of 4.87 square feet per person (source: Yardi Matrix). Additionally, the five-mile population base is projected to grow to 433,000 residents over the next five years, creating future demand for self storage.​​

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