6 Property PortfolioWestern Michigan

Campbell Watkins, Austin McLeod, and Hunter Reynolds with Matthews™ have been exclusively hired to market for sale a six-property self-storage portfolio totaling ±411,692 net rentable square feet across 2,470 units in Western Michigan. The portfolio is privately owned and managed by a small in-house staff overseeing more than 411,000 NRSF within a 50-mile radius, presenting meaningful operational upside across the board. The portfolio is currently 66% physically occupied and 60% economically occupied, offering a new owner attractive returns at stabilization, and is being offered at a very attractive price per square foot which is well below replacement cost today. The Seller has also invested over $1.6 million in capital improvements across the portfolio within the last two years.

The seller currently spends only $4,000 per month on advertising across all six locations, leaving substantial room for a professional operator to drive lease-up and improve performance. The tenant insurance program was implemented only one year ago, and the portfolio collects minimal revenue from admin fees and late fees. Expansion opportunity also exists at the Byron Center, Zeeland, Holland, and South Haven locations.

The trade areas also demonstrate strong demographics with over 100,000 residents living within 5 miles of the Kalamazoo, Portage, and Byron Center locations. Additionally, more than 120 residential developments are underway within 5 miles of the portfolio's facilities, representing over $3.7 billion in estimated value, according to TractIQ.

The broader West Michigan growth story reinforces the long-term demand base. Grand Rapids sits in Michigan's fastest-growing metropolitan area, having added 33,600 residents since 2020 with no pandemic-era population loss, and Kent County is projected to grow 13% through 2050 while the state overall declines. The market has over $3.5 billion in development recently announced or underway, including Corewell Health's $1.3 billion Butterworth Hospital expansion, the $795.8 million Fulton & Market riverfront project, and the $175 million Amway Stadium delivering in spring 2027. To the south, Kalamazoo is anchored by Pfizer's Portage campus — the company's largest manufacturing facility in the world, with approximately 3,000 employees and an estimated $3 billion in annual local economic impact — along with Stryker's global headquarters and $8.6 billion in regional capital investment, including Ford's BlueOval Battery Park 35 minutes east. Kalamazoo rents are growing 4.3% to 6.0% annually from a base 33% below the national average, providing meaningful room for continued rental rate growth.

This opportunity is being offered on a market bid, call-for-offers basis. The Call for Offers date is set for October 8th. Please contact Campbell Watkins to discuss pricing guidance and gain access to the deal room.