Premier Late-Stage Lease-Up Self-Storage Opportunity – Grand Rapids, MI
6536 Creekside View Dr SE, Grand Rapids, MI 49508
Managed by Extra Space since 2022, this late-stage lease-up opportunity presents investors with a stabilized core asset and near-term revenue upside through continued lease-up and rental rate growth.
The property spans 118,880 rentable square feet across 640 drive-up units in eight well-maintained buildings. Originally developed in 2019, the facility is currently 85% physically occupied and 72% economically occupied, offering immediate upside through full stabilization and aligning rental rates with the market.
Situated on a 9.9-acre site, the facility features modern infrastructure including PTI gate access, perimeter fencing, robust surveillance systems, and an on-site manager’s office. Strategically located between two residential subdivisions and directly adjacent to the M-6 Freeway, the site offers excellent visibility and accessibility, with additional potential for exposure through signage along M-6.
The Grand Rapids-Wyoming MSA is the second-largest metropolitan area in Michigan, home to over 1.1 million residents. The local economy is anchored by major employers such as Corewell Health, Meijer, Trinity Health, Gentex, Gordon Food Service, and Amway Global. Once heavily reliant on manufacturing, Grand Rapids has successfully diversified into healthcare, education, and professional services, creating a resilient and dynamic regional economy.
Currently undergoing more than $3 billion in active development, the city is experiencing transformational investment across healthcare, housing, higher education, entertainment, and transportation infrastructure. These factors continue to support population growth and economic expansion, reinforcing the region’s emergence as one of the Midwest’s top-performing secondary markets.
This offering represents a rare opportunity to acquire a well-located, late-stage lease-up asset in one of the nation’s fastest-growing MSAs, with institutional-grade management in place, favorable long-term fundamentals, and clear paths to additional revenue growth.