Inland Real Estate Investment Corporation and Devon Self Storage have completed construction of an approximate 85,330-square-foot Class-A self-storage facility located in Fraser, Michigan.
Located at 31475 Utica Road in Fraser, approximately 15 miles northeast of downtown Detroit, the property formerly served as a light industrial facility originally built in 1975. The property now consists of a two-story climate-controlled building, along with various exterior non-climate-controlled buildings, offering a total of approximately 750 storage units, a 24-hour security system and a drive-in area providing access to the main interior storage area.
“Surrounded by similar industrial properties and businesses, this self-storage redevelopment is a beneficial addition and reflection of Fraser’s role as a hub for manufacturing and light industrial operations,” said Greg Mackay, chief operating officer of Devon. The Fraser redevelopment marks the 20th Inland Investments-Devon project delivered on behalf of investors in private offerings comprised of self-storage assets in diverse markets throughout the nation.
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