Taylor, Michigan leads our next self-storage investment, featuring the acquisition of a newly constructed Class A facility with 92,375 net rentable square feet (NRSF) and 927 units. This project targets an undersupplied market with strong fundamentals and limited Class A competition. The store is now open and actively leasing up, allowing investors to capture lease-up value with zero construction risk.
The facility is strategically positioned adjacent to the I-94/I-75 interchange and the Detroit Metropolitan Airport, will be professionally managed by Extra Space Storage, and benefits from Hearthfire’s strong momentum in the adjacent Romulus submarket.
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%20(800%20x%20800%20px)-1.gif?width=300&height=300&name=Copy%20of%20Untitled%20Design%20(250%20x%20250%20px)%20(800%20x%20800%20px)-1.gif "23% IRR")
%20(800%20x%20800%20px)%20(1)-1.gif?width=300&height=300&name=Copy%20of%20Untitled%20Design%20(250%20x%20250%20px)%20(800%20x%20800%20px)%20(1)-1.gif "35% ARR")
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