Southwest Michigan 5-Property Self-Storage Opportunity – Michigan

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Price
Market Bid
NRSF
392,538
Southwest Michigan
5-Property Portfolio
Strategic expansion opportunities
Implementation of tenant insurance
Multiple revenue growth opportunities
Streamlined management potential

Cushman & Wakefield’s Self-Storage Advisory Group has been retained as exclusive advisors to offer for sale the West Michigan Cross-Creek 5-Property Portfolio Opportunity.

This exceptional investment opportunity comprises five strategically positioned assets in Southwest Michigan, each locally operated since 2008. Seize the unique chance to acquire these geographically centralized facilities with below-market rents, poised for significant growth through professional management, facility enhancements, and advanced technology implementation.

The Cross-Creek Byron Center, part of this portfolio, was initially acquired in 2014 and expanded in 2016 with three additional buildings. Covering just over 102,000 net rentable square feet (NRSF) and offering 379 units, this location features climate-controlled first-floor spaces, non-climate-controlled drive-up units, commercial spaces, and parking spots. With the potential to convert open parking spaces into traditional or covered spaces, the facility currently stands at 73% physical occupancy.

The Portage location, acquired in 2008 and expanded in 2015, boasts a mix of 431 climate-controlled first-floor, drive-up, and parking spaces, totaling 56,860 rentable square feet. Recent acquisition of an adjacent parcel opens up opportunities for immediate expansion, given the property’s current 90% occupancy.

Cross-Creek South Haven, strategically positioned along Interstate 196, witnesses over 24,000 vehicles daily, just 2.5 miles from Lake Michigan. Acquired in 2016 and expanded in 2018, the site encompasses 39,758 rentable square feet, predominantly non-climate-controlled drive-up spaces, with larger commercial bays and some climate-controlled units. At 86% occupancy, the location benefits from high demand due to weekend vacationers and its proximity to Lake Michigan.

The Holland, Michigan site, acquired in two phases in 2010 and 2015, with an additional building added in 2017, now totals 137,804 rentable square feet across 772 units. Currently 61% occupied, this site presents a compelling opportunity for growth.

Situated 5.5 miles northeast of Cross-Creek Holland is Cross-Creek Zeeland, located along I-196 with 31,000+ daily vehicle traffic. Acquired in 2010 with expansions as recent as 2018, the property offers a mix of 528 climate-controlled first-floor, drive-up, and parking spaces, totaling 68,876 rentable square feet. Currently at 43% occupancy, this facility has promising potential for increased utilization and returns. The overall value proposition lies in the strategic locations, growth potential through expansions, and the diverse mix of storage offerings catering to varying market demands, making it an excellent investment opportunity in Southwest Michigan

Southwest 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 Southwest 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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