7475 Torrey RdSwartz Creek, MI 48473
- Self storage facilities
- 64,130 SF
Property Details for 7475 Torrey Rd
- Year built
- 2024
- Lot size
- 14.23 AC
- Property size (Sq ft)
- 64,130 SF
- Property type
- Self storage facilities
Description
This exceptional 64,130 square foot self-storage facility in Swartz Creek, Michigan, presents a compelling investment opportunity. Boasting 470 units ranging in size from 5x10 to 10x30, this 2024-built property sits on 14.23 acres and offers 63,450 square feet of net rentable space. Currently operating at 85% occupancy, the property generates a strong NOI of $456,087, with a pro-forma NOI of $542,030 and a pro-forma cap rate of 9.86%. The asking price is $5,500,000, translating to $85.76 per square foot and $11,702.13 per unit. Key features include a fully automated system with optional office space, a secure perimeter fence with a security gate and camera system, ample lighting, and convenient access to US-23 and I-75, ensuring high visibility and accessibility. The property offers numerous outdoor parking spaces for added convenience. Seller financing is available for one year with a low down payment. This is a turnkey operation with significant upside potential.
Location Insight
- City
- Swartz Creek
- County
- Genesee
- State
- Michigan
- Latitude
- 42.9162
- Longitude
- -83.7303
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].