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.
INVESTMENT
HIGHLIGHTS
- Diverse facility offerings – premier storage spans 41,450 net rentable square feet (nrsf) and includes 247 non-climate-controlled units, 33 climate-controlled units, one warehouse space, and 219 outdoor parking spaces.
- Strong occupancy with upside – the facility is 77.25% Physically occupied but has an economic occupancy of just 56.21%, Presenting a clear opportunity to increase revenue through improved management and rate adjustments. Additionally, more than 30 units are currently occupied by friends and family and not available to the public, creating immediate upside by converting them into paying rentals.
- Expansion potential – sitting on 12.87 Acres, the property has room for growth, including the potential to expand outdoor parking or add additional storage units to meet increasing demand.
- Prime location – located just 10 miles from lansing along route 69, the facility benefits from 41,261 aadt, ensuring strong visibility and easy access for both local and transient customers.
- Growing market & strong demographics – the facility serves a five-mile radius population of 33,157 residents with an average household income of $125,119, providing a solid customer base.
Brian Brockman | Bang Realty-Michigan Inc | Tel: 513.898.1551 | Bor@bangrealty.com | License: 6502428679
