7579 Friendly Dr - Self-Storage Facilities FOR SALE


Kewaskum, WI 53040
$3,600,000 USD
262-366-2526
7579 Friendly Dr, Kewaskum, WI for Sale
$3,600,000 USD
Self-Storage Facilities - FOR SALE
1/5
null | 7.43% Cap Rate

7579 Friendly Dr
Kewaskum, WI 53040


OVERVIEW

This is an assembly consisting of two sites with 163 storage units - 7345 Friendly Drive (88 units) and 7575 Friendly Drive (75 units) and one duplex (7575 Friendly Drive) and surplus land (7345 Friendly Drive) for more buildings. 7345 Friendly Drive consists of Four Buildings consisting with 88 storage units ( 20,600 rentable ft²) built in 1986, 1994, 1997, 200. Breakdown is as follows. Building #1 (Built 1994): 4,960 SF Building #2 (Built 1997): 3,200 SF Building #3 (Built 1998/1999): 4,830 SF Building #4 (Built 2000): 8,000 SF Gross Building Area: 20,990 SF LAYOUT: Building #1 – Sixteen 10’ X 20’ Units & Four 10’ X 40’ Units Building #2 – One 10’ X 10’ Unit, Twelve 10’ X 20’ Units, One 10’ X 30’ Unit & One 10’ X 40’ Unit Building #3 – Eight 10’ X 10’ Units, Eight 10’ X 15’ Units, Six 10’ X 20’ Units, One 10’ X 30’ Unit & One 1,300 SF Unit Building #4 – One 10’ X 10’ Unit, Sixteen 10’ X 20’ Units, One 10’ X 30’ Unit & Eleven 10’ X 40’ Units The 7579 Friendly Drive site consists of six storage buildings (75 units) and one residential duplex totaling approximately 40,494 SF (40,494 rentable SF), constructed between 2006 and 2010. The buildings offer a diverse unit mix ranging from 12’×30’ to 16’×50’, including one 1,300 SF unit. LAYOUT • Building #1 - Fifteen 16’ x 50’ units. • Building #2 - Twenty 12’x 30’ units. • Building #3 - Fifteen 16’ x 50’ units. • Building #4 – Seven 16’x 50’units • Building #5 - Thirty-Six 10’ x 20’units Building #6 - Shop - 1200 ft(2) 40' x 30' Building # 7 - Residential Duplex FOUNDATIONS: Poured Concrete Footings & Concrete Slabs on Grade EXTERIOR WALLS: Metal Panel ROOFS: Standing Seam & Asphalt Shingle WINDOWS: None Strong Local Demand Drivers supported by boat/RV ownership, expanding urban growth, and limited competing storage options in immediate trade area. Value-Add Upside via rental rate increases, expanded outdoor storage, improved security features, and professional third-party management

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$118 USD /SF

CAP RATE

7.43%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.51 AC

LAND SF

327,136 SF

ZONING

LM

APN/PARCEL ID

T2-0460

ASK ABOUT THIS PROPERTY

John DykeEncore Real Estate BrokerageMore Info
262-366-2526

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John DykeEncore Real Estate BrokerageMore Info
262-366-2526

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