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Eric Seeger

eric@mwlsp.com +1(608) 790-5229

Listed by Spenser Nickelatti eXp Realty LLC

$1,250,000

Est. payment - /mo

15,000 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 15,000 sqft

Price per Sqft $83

MLS Listing ID 1973590

Annual Tax Amount $11,000

Tax Year 2024

Lot Size 4 Sqft

Acres 4.5

Property Sub-Type Commercial/Industrial

Property Description

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.

Location

State WI

County Vernon

Zoning Commercial

Direction South on HWY 14 take a left when you see River Bank

Rooms

Basement None

Interior

Inclusions Buyer to verify all utilities, zoning, and measurements OR building requirements

Exterior

Roof Type Metal

Total Parking Spaces 40

Exclusions seller's and lessee's personal property

Building

Building Description Steel Siding, Inside Storage

Sewer Municipal Sewer

Water Municipal Water

Structure Type Steel Siding

Others

Tax ID 291007960000

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Nearby School & Business

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Eric Seeger

+1(608) 790-5229

Agent | Land Pro | License ID: 7338094

Agent | Land Pro License ID: 7338094

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Homes For Sale in La Crosse, WI

709 S Main St Westby, WI 54667

Eric Seeger

Key Details

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Rooms

Interior

Exterior

Building

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Nearby School & Business

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