Lake Michigan 2-Property Traditional Self-Storage Opportunity – Northern MI

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Market Bid
Northern Michigan
2-Property Portfolio
Strong Historical Operating Performance: Both facilities have a track record of steady occupancy and performance since 2016.
Room for Growth: Despite their established status, there are opportunities for revenue growth through increased occupancy, revenue management strategies, and tenant insurance implementation.
Strategic Location: Situated in two of Michigan’s most scenic and desirable communities, the assets benefit from the attractiveness of the area to both permanent residents and vacationers.
Diverse Recreational Opportunities: The proximity to Lake Michigan and the presence of extensive trails and state parks in both Manistee and Ludington make the properties appealing to a wide range of potential tenants and visitors.
Stable Real Estate Market: Northwest Michigan has shown resilience in its real estate market, with steady appreciation rates and a diverse economy supported by tourism, outdoor recreation, and local industries.
Remote Management: These sites currently operate as fully remote facilities allowing for seamless portfolio integration which adds to their appeal.
Scarcity of Comparable Assets: Self-storage facilities in desirable tourist destinations with room for growth may be limited, making the acquisition of these assets a unique opportunity for investors looking to diversify their portfolio.

Cushman & Wakefield’s Self-Storage Advisory Group has been retained as exclusive advisors to offer for sale this Northwest Michigan two property portfolio.

This offering presents an exceptional opportunity to acquire two well-established self-storage facilities in Northwest Michigan, conveniently located just twenty-five minutes apart. Both properties have been locally operated since 2016 and offer steady occupancy rates. These two facilities have operated as fully remote sites since opening in 2016/2018 which allows for seamless ownership transition.

Both locations are located along the picturesque west coast of Michigan, providing residents and vacationers access to Lake Michigan. Manistee offers a plethora of outdoor recreational opportunities, including over 150 miles of trails for hiking, skiing, and snowshoeing. Meanwhile, Ludington is home to Ludington State Park, spanning over 5,300 acres and offering activities such as camping, fishing, and hiking.
This unique opportunity allows investors to acquire two well-performing assets with strong historical operating performance, situated in two of Michigan’s most beautiful communities. With room for growth and strategic management, these facilities offer the potential for attractive returns in the self-storage market.

Michigan Self-Storage-Manistee:
Established in 2018 and expanded as recently as 2022, Michigan Self-Storage-Manistee spans six acres and boasts 56,200 rentable square feet of non-climate-controlled storage space. This modern facility is operated fully remote and offers clean and secure storage units with 24/7 rental capability. Acquiring Manistee presents the opportunity for seamless integration into a portfolio, with potential revenue growth through lease-up optimization and tenant insurance implementation.

Michigan Self-Storage-Ludington:
Established in 2016, Michigan Self-Storage-Ludington offers 36,000 rentable square feet across 219 units. Featuring a mix of drive-up non-climate-controlled units and outdoor parking spaces, Ludington operates as a fully remote facility. This site is approved for an additional 18,000 NRSF. Like Manistee, acquiring Ludington offers potential revenue growth through increased occupancy and tenant insurance adoption.

Northern Michigan

  • Sign CA to View Offering Memorandum

  • Confidentiality and Buyer Registration Agreement

    Cushman & Wakefield U.S., Inc. ("Broker") has been retained as the exclusive advisor and broker regarding the sale of the property known as the Northern Michigan Self-Storage Portfolio opportunity.

    To receive an Offering Memorandum ("Offering Memorandum") please read, sign and return this completed Confidentiality Agreement to Broker. The Offering Memorandum has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective Buyers may need or desire. All projections have been developed by Broker and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Seller and therefore are subject to variation. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property. Although the information contained herein is believed to be correct, the Seller and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, Broker, the Seller and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained in or omitted from the Offering Memorandum or any other written or oral communication transmitted or made available to the Buyer. The Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the property or the Owner since the date of preparation of the Offering Memorandum. Analysis and verification of the information contained in the Offering Memorandum are solely the responsibility of the prospective Buyer. Additional information and an opportunity to inspect the property will be made available upon written request to interested and qualified prospective Buyers.

    By accepting the Offering Memorandum, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney's fees, collectively "Claims") arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

    By accepting the Offering Memorandum, you acknowledge that you are a principal and not an agent of or acting on behalf of any other party in connection with the acquisition. Buyer acknowledges that it is aware that any Agent/Broker other than Cushman & Wakefield, must be compensated by Buyer as Cushman & Wakefield is not cooperating on fees. Furthermore, Buyer acknowledges that it has not had any discussion regarding this Property's Sale with any other broker or agent other than Broker or an agent/broker properly identified through this registration process, including but not limited to, resolutions of incomplete, conflicting or duplicate registrations. Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney's fees and court costs which may be incurred with respect to any claims for other real estate commissions, broker's fees or finder's fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

    The Seller and Broker each expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time with or without notice. The Seller shall have no legal commitment or obligations to any entity reviewing the Offering Memorandum or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered, and approved by the Seller and its legal counsel, and any conditions to the Seller's obligation thereunder have been satisfied or waived.

    The Offering Memorandum and the contents, except such information which is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the Offering Memorandum, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the Offering Memorandum or any of the contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

    No employee of seller or at the subject property is to be contacted without the written approval of the listing agents and doing so would be a violation of this confidentiality agreement.


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