Grandstone Investment Sales is pleased to exclusively offer Best Coast Self Storage, a well-maintained facility located in Pentwater, Michigan. The property consists of 439 non-climate-controlled units totaling 73,696 net rentable square feet, situated on a 19.67-acre parcel. Following a recent expansion, the asset is currently operating at 73.90% physical occupancy and 77.32% economic occupancy, presenting a clear opportunity for increased lease-up, the addition of outside parking, and income growth.
Positioned just off North 72nd Avenue, the facility benefits from limited competition in a low-saturation market. The surrounding area shows solid demographic support, including an average household income exceeding $92,000 within a five-mile radius—pointing to a stable, income-qualified customer base and continued demand for storage.
The property offers a wide unit mix, from 5×10 units to 12×40 spaces, accommodating traditional self-storage customers as well as those seeking enclosed vehicle and boat storage—particularly relevant given the area’s proximity to Lake Michigan and nearby vacation destinations.
With steady operating margins, strong in-place cash flow, and multiple levers for value enhancement, Best Coast Self Storage presents an attractive investment in a growing and undersupplied submarket of western Michigan.
INVESTMENT
HIGHLIGHTS
PRICING & VALUATION
• Price: tbd by market
• Expected pricing: approximately $52 per net rentable square foot (NRSF)
PROPERTY OVERVIEW
• Net rentable square feet: 73,696
• Unit count: 439 non-climate-controlled units
• Parcel size: 19.67 Acres
OCCUPANCY & PERFORMANCE
• Physical occupancy: 73.90%
• Economic occupancy: 77.32%
• Recently expanded: massive upside through continued lease-up
MARKET & LOCATION HIGHLIGHTS
• Situated in a popular vacation and recreational area near Lake Michigan
• Low saturation market with limited nearby competition
MANAGEMENT & OPERATIONAL UPSIDE
• Currently self-managed
• Opportunity to add value through professional third-party management
Brian Brockman | Bang Realty-Michigan Inc | Tel: 513.898.1551 | Bor@bangrealty.com | License: 6502428679
