Grand River Storage Co.

Property Highlights

• No significant cap-ex required, majority of square footage delivered in the last five years.
• Diversified tenant base, 50% of current tenant base draws from outside of a 5-mile radius.
• Owner operated and managed since 2003 with an established brand presence.
• Strong historical physical occupancy with room to enhance operational efficiencies.

Market Highlights

• Favorable supply dynamics: 3.85 sq ft per capita in a 5-mile radius.
• Positive population growth in the 1/3/5M radius.
• Median household incomes 1M: $91,186 / 3M: $73,966 5M/ $72,010.
• Visibility on Grand River Hwy serving as an artery to I-96 and I-69.

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Financial Highlights

• Ancillary incomes such as admin fees/retail sales/tenant insurance and late fees can be implemented.
• Expansion potential of 15,000 NRSF contributing an additional $130,681 in Gross Potential Rent.
• Rental rates can be pushed as much as 6% on various unit sizes.

Location