- For sale
The Colliers Self Storage Group is pleased to exclusively offer to qualified investors the opportunity to purchase CubeSmart Storage -Bloomfield (managed) located at 3111 Centerpoint Parkway in Pontiac, Michigan. This is a three-story institutional quality development that is tracking to deliver in June of 2022. This CubeSmart managed facility will consist of 114,165 rentable square feet and 1,164 units. This facility will service the affluent communities of Bloomfield, Birmingham, Troy, Auburn Hills as well as Lake Orion.
CubeSmart Self Storage – Bloomfield, a 3rd Party managed facility, sits on approximately 3.01 acres and will offer tenants unparalleled amenities. These amenities include: professionally appointed management office with conference room, 4 convenient loading areas including a fully enclosed drive-through unloading lane, multiple lift gate entrances with full facility access control system, 22 camera video surveillance system, 2 strategically located freight elevators, LED lighting with occupancy sensors throughout, premium drive-up climate-controlled units, and full perimeter fencing.
The community of Bloomfield is a northern suburb of Detroit and is a part of Oakland County, the wealthiest county in Michigan and the 19th wealthiest county in the United States. The demographics echo the strength of this location, with a 5-mile population of 160,018 individuals. The 1-mile radius has an average household income of $149,465, and the median HHI is an astounding $104,732. According to Union Realtime, there is just one facility within three miles of this asset, which is 40 years old and provides a current saturation of just .9 sf per capita. The 5-mile saturation is also an attractive 4.6 sf per capita, with just 1.9 square feet of climate-controlled space per individual. The average age of all competitors within 5-miles is 23.7 years old, illustrating that virtually all of the existing square footage within the trade area has had decades to stabilize.
The purchaser of CubeSmart Self Storage will benefit from the institutional quality of construction and the prime location within one of the most affluent and undersupplied corridors in Michigan. Based upon Union Realtime’s calculation of virtually no climate-controlled units within 3 miles, this facility will rapidly stabilize at CubeSmart’s projected market rates.