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The Sterling Group Sells Mini Storage Depot in Grand Rapids for $5M

Simply Self Storage Invests in 63,000-SF Facility
January 22, 2018
Orlando, FL-based Simply Self Storage, a privately owned self-storage management company with over 15 million square feet of storage space within the United States and Puerto Rico., acquired the facility in Grand Rapids, MI from The Sterling Group, Inc. for $5 million, or approximately $79 per square foot.

Mini Storage Depot was constructed in 1998 on nearly five acres at 4975 Clyde Park Ave. SW. The 63,150-square-foot single-story self-storage facility sports 530 units.

Brett Hatcher of Marcus & Millichap represented the seller.

Please see CoStar COMPS #4097467 for more information on this transaction.
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