NSC Oakman Storage

Location: Detroit, MI
Type: Self Storage
Price: $3,000,000

SMC has provided a $3,000,000 ten-year fixed rate mortgage for the refinance of NSC Oakman Storage, a three-story, self-storage storage facility located in Detroit, Michigan. The Property was constructed in 1929 and underwent renovation and expansion after the Borrower acquired the Property in 2019. In total, it consists of 652 climate controlled storage units available for rent. The Property is approximately 92% occupied as of October 2021. The average self-storage unit is approximately 97 SF. Additionally, the Property offers 24-hour access, electronic gated entry, exterior facility lighting, on-site management, and on-line auto pay services.