AVAILABLE
Storage King
Fond Du Lac, Wisconsin
Exclusively Listed By:
EquiCap Commercial and NAI Pfefferle
DEAL SUMMARY
List Price: $950,000
NRSF: 13,152
Units: 22
Acres: 1.075
INVESTMENT HIGHLIGHTS
PRIME LOCATION // Located in an industrial park right off Hwy 41, where vehicle counts exceed 22,000 per day.
MANAGEMENT OPPORTUNITY // Opportunity for a new owner to manage the operation on a more consistent basis. The current ownership has other businesses that has not allowed him the time to maximize the potential of this asset.
ADD VALUE OPPORTUNITY // The current ownership does not charge 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 $14,221/year behind the street (advertised) rents.
INDUSTRIAL TENANT// Owner Sale Lease Back transaction. The owner will execute a lease for $3,450/month at the time of closing for 18 months. This unit/tenant also helps out with the utilities, as well as some of the site maintenance. Allowing for consistent income year over year.
INVESTMENT SUMMARY
The Storage King Facility consists of 22 total units across 3 buildings totaling 13,152 net rentable square feet. Out of those 22 units, one of the units is an warehouse unit consisting of 4,320 net rentable square feet. That tenant is on the first year of their 3 year lease. Giving consistent income over the next two and a half years. The facility is Located in an industrial park right off Hwy 41, which has over 22,000 vehicles per day, allowing easy access to the local residents and businesses.
Fond du Lac, Wisconsin, is a vibrant and picturesque city located in the heart of the state. With a population of around 43,000 residents, Fond du Lac is known for its rich history, strong sense of community, and a diverse economy. The city serves as a regional hub for commerce and industry in east-central Wisconsin, with a robust manufacturing sector, including companies like Mercury Marine and J.F. Ahern Co.
The acquisition of the Storage King facility offers a qualified investor with the opportunity to acquire a turn-key self-storage facility. An investor can benefit by adding value through improving the in place rental rates, adding admin fees, late fees and tenant protection, along with improving the overall management process.