709 S Main St - Self-Storage Facilities FOR SALE


Westby, WI 54667
$1,250,000 USD
608-498-1323
709 S Main St, Westby, WI for Sale
$1,250,000 USD
Self-Storage Facilities - FOR SALE
1/20
null | 10.62% Cap Rate

709 S Main St
Westby, WI 54667


HIGHLIGHTS

  • 123 Units
  • Strong Cash Flow
  • Low Operating Expenses

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$83 USD /SF

CAP RATE

10.62%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

709 S Main St

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.5 AC

LAND SF

196,020 SF

ZONING

Commercial

APN/PARCEL ID

291-00796-0000

ASK ABOUT THIS PROPERTY

Spenser NickelattiSpenser Nickelatti eXp RealtyMore Info
608-498-1323

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Spenser NickelattiSpenser Nickelatti eXp RealtyMore Info
608-498-1323

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