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DEAL SUMMARY

List Price: $550,000

NRSF:       14,520

Units:        58

Acres:       1.59

INVESTMENT HIGHLIGHTS

 

  • PRIME LOCATION // Located just off Hwy 17 with vehicle counts exceeding 5,600 vehicles/day

  • 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 $6,180/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.

Sugar Camp Self Storage

Rhinelander, Wisconsin

JUST LISTED

Exclusively Listed By:
EquiCap Commercial and NAI Pfefferle