$2,500,000 USD
678-735-1386
721 Forward Dr
Madison, WI 53711
West Madison
HIGHLIGHTS
- Mom-and-pop operated with upside through rental rate increases and ancillary income streams
- 91%+ unit occupancy despite limited online presence
- Current rental rates are 20-30% below market vs. nearest competitors
- 4.75 SF per Capita within 3 miles — extremely low supply, high barrier to entry market
- Over 90,000 people within 3 miles and over 240,000 within 5 miles
- Projected returns north of 9.50% in Year 3 and north of 10% in Year 4
FOR SALE DETAILS
PRICE
$2,500,000 USD
PRICE/SF
$93 USD /SF
CAP RATE
5.99%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Storage Brothers
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Self-Storage Facilities
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
1986
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.57 AC
LAND SF
68,565 SF
ZONING
G2
APN/PARCEL ID
0708-254-0075-1
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678-735-1386
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678-735-1386
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