1156 Velp Ave - Self-Storage Facilities FOR SALE


Green Bay, WI 54303- Central Green Bay
$2,500,000 USD
920-412-8936
1156 Velp Ave, Green Bay, WI for Sale
$2,500,000 USD
Self-Storage Facilities - FOR SALE
1/6
null | Request Cap Rate

1156 Velp Ave
Green Bay, WI 54303
Central Green Bay


HIGHLIGHTS

  • Located near HWY on a busy road
  • Brand new construction
  • Development Opportunity

OVERVIEW

144-Unit New Construction | Lease-Up Phase | Value-Add Execution This property includes 2 sites; 1241 Winford Ave (Storage Units) and 1146 Velp Ave (vacant lot). The storage unit facility is brand new and offers a fully fenced, paved lot with gated entry access and 24/7 surveillance to the units. There are four separate buildings with various sized units in each building, all within minutes of 1-43, making it perfectly situated to attract Howard, Green Bay and Ashwaubenon customers. Exterior storage spots allow for potential to store boats/campers. The adjacent lot on Velp Ave offers great road visibility, high traffic and excellent signage potential. The asset is partially occupied and offers investors the opportunity to execute a focused leasing strategy to drive income growth and stabilization over time. The property is best suited for buyers comfortable with lease-up risk and longer-term value creation. Current performance reflects early-stage operations rather than stabilized income. Offering provides scale, new construction, and defined upside through occupancy growth and lease conversion.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$102 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

1241 Winford & 1156 Velp Ave (vacant lot)

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

3.2 AC

LAND SF

139,401 SF

ZONING

-

APN/PARCEL ID

18-782-E

ASK ABOUT THIS PROPERTY

Rebecca LarsenColdwell Banker Commercial - REG/ Esler GroupMore Info
920-412-8936

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Rebecca LarsenColdwell Banker Commercial - REG/ Esler GroupMore Info
920-412-8936

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.