Commercial Sale in Westby

$1,250,000

709 Main, 54667, Westby, WI

Commercial Sale for sale in Westby, 709 Main, 54667, 15000 m²

709 Main, 54667, Westby, WI

$1,250,000

15000
Type: Commercial Sale

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

709 Main, 54667, Westby, WI

Data

Object TypeCommercial Sale
Purchase Price$1,250,000
Living Space15000 m²
Plot Size18210.85 m²
BathroomsN/A
Construction YearN/A
ConditionNot specified
RoomsN/A

Energy Information

No energy information available

Contact Agent

Listing Agent