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DEAL SUMMARY

List Price: $1,075,000

NRSF:       34,467

Units:        185 spots (RV & Boat)

Acres:       6.62

INVESTMENT HIGHLIGHTS

 

  • PRIME LOCATION // Located just off Hwy 70 with vehicle counts exceeding 3,500 per day. Marquee sign right out front on Hwy 70.

  • MANAGEMENT OPPORTUNITY // Opportunity for a new owner to automate the overall operation; by

  • adding technology (mgmt. software), automating the rental process, and accepting credit cards.

  • ADD VALUE OPPORTUNITY // The current ownership does not charge late fees, or admin fees. Additionally there is opportunity to store snowmobile trailers throughout the year.

  • RATE OPPORTUNITY // The surrounding area has more than 2,000 lakes, and not many boat / RV storage facilities. This opportunity allows for a new owner to increase the storage rates, as well as the add value rates.

  • EXPANSION OPPORTUNITY // The surrounding area has more than 2,000 lakes, and not many boat / RV storage facilities. This opportunity allows for a new owner to increase the storage rates, as well as the add value rates.

Island City Storage

Minocqua Wisconsin

AVAILABLE

Exclusively Listed By:
EquiCap Commercial and NAI Pfefferle

DEAL SUMMARY

List Price: $550,000

NRSF:       15,146

Units:        59

Buildings: 3

Acres:      1.51

INVESTMENT HIGHLIGHTS

 

  • PRIME LOCATION // Located just off Hwy 70 with vehicle counts exceeding 9,500 per day. Marquee sign on Hwy 70.

  • MANAGEMENT OPPORTUNITY // Opportunity for a new owner to automate the overall operation; by adding technology (mgmt. software), automating the rental process, accepting credit cards, and utilizing the DaVinci lock system.

  • ADD VALUE OPPORTUNITY // The current ownership does not charge late fees, admin fees, nor do they offer tenant insurance.

  • RENTAL RATE OPPORTUNITY // A new owner will be able to push in place rental rates on day one. Currently the scheduled rents are $4,500/year behind the street (advertised) rents. Additionally, the current street rents are below market rents, allowing for even more room to grow the income within the first year.

  • MARKETING OPPORTUNITY // Current ownership does not do any marketing, with it being a lake community, new ownership can add SEO, allowing to keep occupancy high while increasing rental rates.

Overlook Self Storage

Eagle River, Wisconsin

JUST LISTED