Northville, MI
$2,900,000
Salem Storage and Warehouse Complex presents a rare opportunity to acquire a high-performing self storage and RV/Boat storage facility in Northville, Michigan. Situated on 16.50 +/- acres, the fully fenced and gated facility features 327 units and 127,128 NRSF of RV/Boat storage that is 96% occupied. The facility also offers 13,700 SF of commercial warehouse space that is 100% leased, a 1,000 SF self storage building, and two leased residential houses.
The property benefits from a growing demand base, with approximately 439,957 residents within 10 miles and 3.9% projected population growth. Ownership has the opportunity to implement measured rental rate increases, capture ancillary income, and convert select open-air spaces to covered parking. Strong occupancy and multiple revenue-enhancement opportunities provide durable cash flow with meaningful upside.
