NSC Secure II Storage

Location: Monroe, MI
Type: Self Storage
Price: $5,850,000

SMC has provided a $5,850,000 ten-year fixed rate mortgage for the refinance of NSC Secure II Storage, a single story self-storage storage facility located in the Detroit suburb of Monroe, Michigan. The Property was constructed in 1997 and consists of 534 storage units and 72 parking spaces available for rent. Since it was developed in 1997, the Property has undergone two expansions: the first in 2017 and the most recently in May 2019. Approximately 15% of the units are climate controlled and the Property is approximately 89% occupied as of November 2021. The average self-storage unit is approximately 150 SF. Additionally, the Property offers electronic gated entry, exterior facility lighting, on-site management, and on-line auto pay services.