353 W 1st Street, Fennville, MI 49408

Property Description

Stowaway Self Storage, a recently built (2020), professionally managed self-storage facility located in the heart of Fennville, Michigan. Situated on 1.39 acres, this well-maintained asset offers 12,780 net rentable square feet across 137 non-climate-controlled units plus 1 outdoor parking space.Currently at 76% occupancy with ongoing lease-up, the property presents immediate upside potential through continued stabilization and rental optimization. The facility generated $134,314 in gross revenue with a Net Operating Income (NOI) of $77,482, offering investors a strong foundation with embedded growth.Designed for operational efficiency, the property features:Automated gated access24/7 CCTV surveillance (REO Link)Fully secured perimeterDa Vinci lock systemProfessional management with in-house call centerCubby Storage management softwareDrive-up unit configuration for low maintenance operationsThe diverse unit mix includes 5x5, 5x10, 10x10, 10x20, 20x10, and 30x10 units, catering to residential, seasonal, and recreational storage needs.Strategically positioned near major highways, established residential neighborhoods, Lake Michigan, and the Saugatuck/Douglas tourism corridor, the property benefits from strong seasonal and residential demand drivers. Recreational corridors, wineries, agritourism, boating access, and nearby tourism destinations further support long-term storage demand and rent stability.With limited new development in the immediate market and strong local demand fundamentals, this modern, low-maintenance asset offers investors both stability and growth potential in an expanding West Michigan corridor.