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Premier Storage Facility for Sale at 9700 Old M 78

Premier Storage Facility for Sale at 9700 Old M 78
FOR SALE

$5,500,000

9700 Old M 78, Haslett, MI 48840

41,450 SF

Square Feet

$133

PPSF

Property Description

Grandstone is pleased to present Premier Storage, a well-established self-storage facility located in the heart of Haslett, Michigan—one of the region’s fastest-growing communities. Spanning 12.87 acres, this high-quality property, built in 2009, features 281 storage units totaling 41,450 net rentable square feet. The facility offers a diverse unit mix, including 33 climate-controlled units, 247 non-climate-controlled units, one boat & RV bay, and 219 outdoor parking spaces, catering to a broad range of customer needs.
Currently, Premier Storage maintains a physical occupancy of 77.25% and an economic occupancy of 56.21%, presenting a compelling lease-up opportunity in a high-demand market. Additionally, more than 30 units are listed as unavailable, as they are being rented by friends and family without collecting rent. Haslett’s strategic location—just 10 miles from Lansing, a rapidly expanding economic hub—further strengthens the facility’s long-term growth potential. The local economy is experiencing a surge in development, fueled by Norm Fasteners’ $77 ademand for storage.
The facility benefits from an affluent and growing customer base, with 33,157 residents within a five-mile radius and an average household income of $125,119. Positioned along Route 69, which sees 41,261 AADT, Premier Storage enjoys exceptional visibility and accessibility, ensuring a steady stream of potential tenants.


Property Details

Asset Type

Industrial

Year Built

1998

Acres

12

Submarket

Haslett

ZIP

48840

Renovated

2018

Listing Type

sale

Net Operating Income (NOI)

$0

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)

-$312,874

Cash-on-Cash Return

-22.75%

Monthly Debt Service

$26,073

Annual Debt Service

$312,874

View on Map

Address

9700 Old M 78

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Haslett Industrial Market Snapshot

Boundary boundary · Industrial · Sale

No investors found in this market.

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