Marcus & Millichap Arranges $11.3M Sale of 900-Unit Self-Storage Facility in Metro Detroit
WALLED LAKE, MICH. — Marcus & Millichap has arranged the sale of a 900-unit self-storage property in Walled Lake, approximately 35 miles northwest of Detroit, for $11.3 million. Mini Storage Depot includes 15 buildings totaling 111,050 square feet. The property, built in 2004, was 95 percent leased at the time of sale. Mini Storage Depot, located at 46550 Pontiac Trail, features 259 climate-controlled units, 641 non-climate-controlled units, 108 outdoor parking spaces for boat and recreational vehicle storage, an on-site management office, 24-hour video surveillance and 24-hour gate access. Brett Hatcher of Marcus & Millichap represented the seller and procured the buyer, both limited liability companies, in the transaction.