For Sale
$5,050,000

W5285 Wi-82Mauston, WI 53948

High-Yield Self Storage Investment

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional self-storage portfolio comprises 99,774 net rentable square feet across three locations in central Wisconsin: Mauston and Wisconsin Dells. The portfolio boasts 498 units with an impressive 85% current occupancy, generating a current NOI of $390,887 and a 7.74% cap rate. Recent renovations in 2022 and 2023 have enhanced the properties, and a strong pro-forma NOI of $587,306 projects an 11.63% cap rate. The properties benefit from a significant expansion opportunity, adding substantial future revenue potential. One location, situated on WI-16, enjoys high visibility with 4,500 vehicles passing daily. The portfolio's strategic location leverages the tourism draw of Wisconsin Dells, attracting over 5 million visitors annually, and a significant portion of current tenants reside over 135 miles away, ensuring consistent demand. The asking price is $5,050,000, representing a compelling value-add investment opportunity in a thriving market with no REIT competition. Detailed financial records and operational data are available upon request. The properties are single-story buildings, built between 2001 and 2023, situated on a combined 13.51 acres of land. Lease type is gross, with multi-tenancy. The portfolio offers a unique blend of immediate income generation and significant upside potential through expansion and increased occupancy. This is a rare opportunity to acquire a well-positioned, high-performing self-storage portfolio in a rapidly growing market.

Highlights

  • Central Wisconsin self-storage portfolio totaling 99,774 net rentable square feet (NRSF) across 498 units; recent three-month performance shows a 10.63% rent roll increase and a 9.20% increase in physical occupancy.
  • KO Storage - WI-16 features 46,200 NRSF in 229 units, 82% physically occupied and 84% economically occupied. High visibility from WI-16 (4,500 vehicles daily), with approved plans for a 23,510 NRSF expansion.
  • KO Storage - WI-13 comprises 27,600 NRSF in 156 units. A 14,895 NRSF expansion (September 2022) boosted occupancy from 53% to 87%. Rental rates within a 5-mile radius have increased 25% year-over-year.
  • KO Storage - Mauston offers 26,374 NRSF in 113 units. Historically over 90% occupied, a 4,800 NRSF expansion was completed in June 2023; currently 87% physically and 86% economically occupied.
  • Most current tenants live over 135 miles away; Wisconsin Dells attracts over 5 million annual visitors; no REIT competition.

Property Details for W5285 Wi-82

Property type
Self storage facilities
Square Feet
99,774 SF
Class
B
Year Built/Renovated
2001/2022
Stories
1
Lot Size (sq. ft)
588,496 SF
Units
498

Location Insight

City
Mauston
County
Juneau
State
Wisconsin
Latitude
43.7957932
Longitude
-90.0344545
W5285 Wi-82, Mauston, Wisconsin

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W5285 Wi-82
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