“Michigan Self-Storage Property: Vacant Facility Conversion”

"Michigan Self-Storage Property: Vacant Facility Conversion"

In Warren, Michigan, Inland Private Capital Corporation and Devon Self Storage Holdings have successfully completed a self-storage property with 807 units. The facility spans 87,000 square feet and was previously a vacant manufacturing center measuring at 94,000 square feet.

The majority of the units offer climate-controlled conditions and feature an interior drive-through lane along with a management office. Plans are also in place to convert the remaining land and parking area into exterior non-climate controlled space by 2023.

This development marks IPC’s eighth successful self-storage project located only thirteen miles north of Detroit. With an average occupancy rate of approximately eighty-four percent across thirty states, IPC currently operates a portfolio of one hundred seventy-eight properties in this sector. “We remain confident in our investment platform as the self-storage industry continues to thrive,” stated Keith Lampi, president and CEO of IPC.

The article titled “Vacant Facility Converted into Michigan Self-Storage Property” was originally published on Connect CRE.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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