7466 State Highway 70 - Self-Storage Investment 41,005 SF Specialty Building Offered at $1,750,000 in Saint Germain, WI 54558
INVESTMENT HIGHLIGHTS
- Both sites are located just off Highway 70 with vehicle counts exceeding 5,700 per day.
- 169 Units
- Marquee sign on Highway 70
- Drive-up entry
EXECUTIVE SUMMARY
We are pleased to offer for your consideration, St Germain Storage two property portfolio, located just a mile down the road from each other, they are both right off State HWY 70 at 7466 & 6147 in St Germain, WI.
The two property portfolio consists of 169 total units across 9 buildings totaling 41,005 net rentable square feet. The 7466 location sits on 5 acres and is improved by 6 buildings with one of the buildings being used as boat storage, where the customers pull their own boats in and out of the building. The additional land at this location is currently being utilized with parking, but a new owner could build further square footage. This location also includes a rental office, that could be converted back to a unit if a new owner chooses to not utilize it. The 6147 location sits on 1.4 acres and is improved by 3 buildings. Both locations offer LED lighting, and a security camera system for 24 hour monitoring.
Tourism stands as a cornerstone of Saint Germain’s economy, drawing visitors year-round with promises of many outdoor activities. This influx fuels a robust hospitality sector, with accommodations, restaurants, and recreational rentals catering to the needs of travelers. This is why the area has continued growth and success with self storage, all of these activities fuel further need to store summer and winter toys.
The acquisition of St Germain Storage offers a qualified investor with the opportunity to acquire a turn-key two property self-storage portfolio. An investor can benefit by adding value through improving the in place rental rates, adding admin fees, late fees and tenant protection, adding further square footage, and along with improving / automating the overall management process.
The two property portfolio consists of 169 total units across 9 buildings totaling 41,005 net rentable square feet. The 7466 location sits on 5 acres and is improved by 6 buildings with one of the buildings being used as boat storage, where the customers pull their own boats in and out of the building. The additional land at this location is currently being utilized with parking, but a new owner could build further square footage. This location also includes a rental office, that could be converted back to a unit if a new owner chooses to not utilize it. The 6147 location sits on 1.4 acres and is improved by 3 buildings. Both locations offer LED lighting, and a security camera system for 24 hour monitoring.
Tourism stands as a cornerstone of Saint Germain’s economy, drawing visitors year-round with promises of many outdoor activities. This influx fuels a robust hospitality sector, with accommodations, restaurants, and recreational rentals catering to the needs of travelers. This is why the area has continued growth and success with self storage, all of these activities fuel further need to store summer and winter toys.
The acquisition of St Germain Storage offers a qualified investor with the opportunity to acquire a turn-key two property self-storage portfolio. An investor can benefit by adding value through improving the in place rental rates, adding admin fees, late fees and tenant protection, adding further square footage, and along with improving / automating the overall management process.
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PROPERTY FACTS
| Price | $1,750,000 |
| Price Per SF | $42.68 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 6.33 AC |
| Building Size | 41,005 SF |
| No. Stories | 1 |
| Year Built | 2010 |
| Opportunity Zone |
Yes |
1 of 1
PROPERTY TAXES
| Parcel Number | 24-2487 | Improvements Assessment | $0 |
| Land Assessment | $45,000 | Total Assessment | $45,000 |
