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400 ARTHUR ST
MICHIGAN CITY, IN 46360-5473
Asking Price
Contact for price
Asset Type
Self-storage
Class
Class B
What's Special
New Offering: Michigan City-La Porte, IN MSA | 50,300 NRSF | Self-Storage <p>A A Storage offers a well-positioned self-storage facility in Michigan City, IN, with strong market fundamentals and excellent value-add potential. Located at 2205 Ohio St & 400 Arthur Street, the facility encompasses 50,300 net rentable square feet (NRSF) with a total of 417 self-storage units. Built originally in 1991 and expanded between 1995 and 2018, the facility is currently operating at 75% physical area occupancy and 70% economic occupancy, presenting significant potential for immedia
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547