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Listed by Spenser Nickelatti • eXp Realty LLC
$ 1,250,000
Est. payment | /mo
15,000 SqFt
$ 1,250,000
Est. payment | /mo
15,000 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 15,000 sqft
Price per Sqft $83
MLS Listing ID 1973590
Annual Tax Amount $11,000
Tax Year 2024
Lot Size 4.500 Acres
Acres 4.5
Property Description
New steel roofs installed on all buildings! Rare opportunity to acquire a well-maintained 123-unit self-storage facility with tremendous value-add potential on 4.5+/- acres! The property is in very good physical condition, but the current owner has not had the time to actively manage the facility or maximize rental income. A new owner with strong operational focus can unlock significant cash flow through market-rate rents and improved management--creating substantial instant equity. Based on projected market rents and estimated operating expenses, the property offers an estimated PRO FORMA 10.62 perc cap rate. Nearly 2 acres of green space to build more units! A quality asset with exceptional upside that's becoming increasingly difficult to find. Property sold AS IS.
Location
State WI
County Vernon
Zoning Commercial
Rooms
Basement None
Interior
Heating None
Cooling None
Flooring No
Exterior
Exterior Feature Steel Siding
Garage Spaces 40.0
Roof Type Metal
Building
Water Municipal Sewer, Municipal Water
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