Telegraph Budget Storage

21516 Telegraph Road | Brownstown | MI | 48183


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Property Highlights

    • Assumable Loan Option for favorable financing terms to assume existing loan ($3.2M, 4.5%, 30-year AM, term until 2029)
    • Strong Demographics Population of over 120,000 residents within a 5-mile radius
    • Under-Supplied Market 5 supply ratio within a 5-mile radius
    • Expansion Opportunity Significant potential to add a minimum of 25,000 NRSF into existing warehouse

Property Details

  • Available SF: 56,109 SF
  • Price: $ 6,500,000
  • Units: 541
  • Transaction Type: For Sale
  • Property Type: Self-Storage
  • Lot Size: 7.00 AC
  • Year Built: 1995
  • Parking: 207
  • Availability: Recently Sold
Price Per Square Foot : $116
Physical Occupancy (Units) : 88%
Economic Occupancy : 76%
Number of Buildings : 5
Traffic Count : 2,513 VPD

Property Description

This is an exclusive opportunity to purchase Telegraph Budget Storage, a value-add property in the heart of Brownstown, Michigan – a submarket in the Detroit MSA.

This Property features five buildings on 7 Acres, totaling 541 units with 56,109 total net rentable square feet. There are a variety of units including 140 climate controlled, 194 drive up, and 207 parking units. With a range of sizes within, Telegraph Budget Storage serves a diverse mix of clients with short-term and long-term self storage needs.

Exterior features include surveillance cameras, metal fencing around the perimeter of the property, and drive-up storage units. Interior features include climate-controlled units, high ceilings, alarms and more.

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Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

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Expense
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Total Expenses
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Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
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Status
Lease Expires

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