631 E Madison St - Eau Claire | $1,600,000

Self Storage

Property Type: Self Storage
Subtype: Mini Warehouse
Investment Sub Type: Value Add
Class: B
Square Footage: 156,990
Price/Sq Ft: $10.19
Cap Rate: 7.88%
NOI: $126,000
Pro-Forma Cap Rate: 10.62%
Pro-Forma NOI: $170,000

Units: 83
Buildings: 5
Year Built: 1988
Renovated: 2010
Parking (spaces): Commercial
Lot Size (acres): 3.6 acres
Broker Co-Op: Yes
Price/Unit: $19,277.11
Sale Condition: 1031 exchange

Self-Storage Units in an ideal location. We’re able to serve Eau Claire, WI and the surrounding areas such as Altoona, Fall Creek, Eleva, Mondovi, Seymour, and Truax. The University of Wisconsin-Eau Claire is also just 1.6 miles from us, so we’re a convenient storage option for local college students.

Big River Storage Unit Mix - 10x20 - 61 Units/16x50 - 5 Units/20x40 - 9 Units/9x10 - 8 Units

2 Lease Through 2025