398-Unit Storage Sells in MI

Battle Creek Self Storage. Image courtesy of Yardi Matrix

StayLock Self Storage has acquired Battle Creek Self Storage, a 53,480-net-rentable-square-foot facility in Battle Creek, Mich. from Kingdom Storage Holdings. EquiCap Commercial and Pogoda Cos. arranged the sale on behalf of both parties.

Located at 1061 E. Michigan Ave., the facility is close to interstates 94 and 194, around 3 miles from Battle Creek’s downtown. Battle Creek Self Storage is surrounded by many residential properties, including the 188-unit Lakeside Apartments and 564-unit Pine Knoll.

The seven-building storage asset was constructed in two phases in 1998 and 2004 on a 4.3-acre site and encompasses 398 units ranging from 24 to 480 square feet. The gated facility features drive-up access, security cameras and parking and RV parking spaces. Additional services include on-site management and 24-hour access.

Managing Partner Jesse Luke of EquiCap Commercial co-brokered the sale with Mark Floria, investment broker of Pogoda Cos. Earlier this year, EquiCap also arranged the sale of The Storage Place, a 204-unit facility located in Commerce, Ga.