DEAL SUMMARY

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List Price:  TBD by Market

NRSF:        91,560

Units:         1,041

​​Acres:        6.20

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INVESTMENT HIGHLIGHTS

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LEASE-UP OPPORTUNITY // Currently operating below stabilization, the Property offers significant upside as occupancy trends toward a projected stabilized level of approximately 92%, driving revenue and NOI growth.

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STRONG DEMOGRAPHICS // Dense and affluent trade area with approximately 233,000 residents within a 5-mile radius, supporting long-term demand for self-storage.

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LOW SUPPLY / HIGH DEMAND // The market is undersupplied with approximately 6.4 square feet per capita overall and only 3.1 square feet per capita of climate-controlled storage, highlighting strong demand for the Property’s product type.

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INSTITUTIONAL QUALITY ASSET // Recently converted Class A facility featuring climate-controlled units, modern construction, and professional design, offering a competitive advantage within the submarket.

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EXPANSION & ADDITIONAL REVENUE // Excess land in the form of a large vacant parking area provides the opportunity for future expansion or the addition of outdoor parking revenue streams, enhancing long-term value creation.

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INVESTMENT SUMMARY

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EquiCap Commercial in association with ParaSell, Inc (Michigan Broker of Record), is pleased to offer for your consideration, JustStorage located at 2260 18 Mile Road in Sterling Heights, Michigan, a high-quality, Class A self-storage facility situated within the strong Macomb County submarket of the Detroit MSA. The Property consists of 91,560 net rentable square feet across 1,041 units and is positioned on a 6.20-acre site with excellent access and visibility. Originally constructed in 1997 and thoughtfully converted to self-storage in 2022, the facility features modern construction and remains in good to excellent condition with significant remaining economic life. The Property is equipped with institutional-quality amenities including climate-controlled units, secure keypad access, interior loading areas, an on-site leasing office, and professionally designed layouts that enhance tenant convenience and operational efficiency.

 

Currently in the lease-up phase, the Property is approximately 68% occupied by unit and 72% occupied by square footage, presenting a compelling opportunity for a new owner to drive occupancy toward a stabilized level of approximately 92%. The facility is already generating meaningful in-place income, with strong market fundamentals supporting continued absorption. As lease-up progresses, the Property is well-positioned to realize significant increases in revenue and net operating income through continued leasing momentum and rental growth.

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The offering provides investors with the opportunity to acquire a recently converted, institutional-grade storage asset with substantial upside through continued lease-up and operational optimization. Additionally, the Property features excess land in the form of a large vacant parking lot, providing a unique opportunity for expansion of additional storage units or the introduction of outdoor parking revenue streams. This combination of lease-up upside and expansion potential positions the asset for long-term value creation within a strong and growing market.​