NSC Grand River Lyon Storage

Location: New Hudson, MI
Type: Self Storage
Price: $5,500,000

SMC has provided a $5,500,000 ten-year fixed rate mortgage for the refinance of NSC Grand River Lyon Storage, a single story self-storage storage facility located in the Detroit suburb of New Hudson, Michigan. The Property was constructed in 2002 and consists of 433 storage units available for rent. Since it was developed in 2002, the Property has undergone two expansions: the first in 2017 and most recently in July 2021. Approximately 15% of the units are climate controlled and the Property is approximately 91% occupied. The average self-storage unit is approximately 155 SF. Additionally, the Property offers 24-hour access, electronic gated entry, exterior facility lighting, on-site management, and on-line auto pay services.