1817 Stewart AveWausau, WI 54401

For Sale
$2,250,000

High-return climate-controlled storage

Overview

Added:
Dec 11, 2024
Days on market:
93
Exceptional investment opportunity: This brand-new, 2023-built, climate-controlled self-storage facility in Wausau, Wisconsin offers 146 units totaling 21,175 net rentable square feet on a 1.65-acre lot. Boasting an 81% occupancy rate and a current NOI of $142,917, the property presents a 6.35% cap rate with a pro-forma cap rate of 8.07%. The asking price is $2,250,000 ($15,411 per unit and $77.86 per square foot). Conveniently located near the I-39/Hwy 51 and Hwy 29 interchange, this Class A facility features a security system and offers a value-add opportunity to increase revenue by filling the remaining units. The property is zoned commercial and is a fee-simple ownership. Unit sizes include 46 each of 10'x20', 10'x15', and 10'x10' units, along with 5 units of 5'x13' and 3 units of 5'x10'. This is a stabilized investment with a net lease.

Highlights

  • 2023 Construction.
  • Excellent location with convenient access.
  • Value-add opportunity: lease-up remaining vacant units.
  • Climate-controlled environment.
  • Secure building with installed security system.

Property Details for 1817 Stewart Ave

Property type
Self storage facilities, Industrial properties
Square Feet
28,899 SF
Class
A
Year Built/Renovated
2023/2023
Buildings
1
Stories
1
Lot Size (sq. ft)
71,874 SF
Units
146

Location Insight

City
Wausau
County
Marathon
State
Wisconsin
Latitude
44.959110358596
Longitude
-89.65867737342
1817 Stewart Ave, Wausau, Wisconsin

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1817 Stewart Ave
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