4704 Drott Dr - Self-Storage Facilities FOR SALE


Janesville, WI 53547
$6,400,000 USD
262-492-6643
4704 Drott Dr, Janesville, WI for Sale
$6,400,000 USD
Self-Storage Facilities - FOR SALE
1/13
null | 7.62% Cap Rate

4704 Drott Dr
Janesville, WI 53547


HIGHLIGHTS

  • Located off Highway 14, close to Interstate
  • 419 Storage Units at 92.8% Occupancy
  • Centrally located between Madison, Milwaukee, Rockford and Racine
  • Multiple Storage Sizes - Average 187 SQFT

OVERVIEW

Earn immediate cash flow with this reputable self-storage business. Located off Hwy 14 on the east side of Janesville close to the interstate and main highways. There are 78,480 NLSF spanning over 10 buildings. The 419 total storage units' range in size from 5x10 to 11x40, averaging 187 SQFT per unit. Currently at 92.8 pct. physical occupancy with annual NOI of approximately $487,000 and 81.6 pct. economic occupancy with potential of $530,500 NOI at max capacity. Janesville is centrally located between Madison, Milwaukee, Rockford and Racine and has a population of over 66,000.

FOR SALE DETAILS

PRICE

$6,400,000 USD

PRICE/SF

$82 USD /SF

CAP RATE

7.62%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.5 AC

LAND SF

239,624 SF

ZONING

M1

APN/PARCEL ID

022-7400005

ASK ABOUT THIS PROPERTY

Christine JasserMahler Sotheby's International RealtyMore Info
262-492-6643

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Christine JasserMahler Sotheby's International RealtyMore Info
262-492-6643

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