Self Storage Details

  • Purchase Method: New Loan
  • Number of Storage Units: 27
  • Acreage: 0 acre(s)
  • Occupancy: 96%
  • Year Built: 1978
  • Cap Rate: 8.0%
  • Property ID: 304109
  • Posted On: Oct 9, 2012
  • Updated On: Mar 25, 2015

Property Description

Underperforming Self-storage in Downtown Oconomowoc, WI (Lake Country) Motivated seller with little time to manage building.
Some excess land for outside storage.

Needs hands-on owner to clean up the building/property and lease up / re-lease the units.

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Financial Information (Actual)

Gross Income $16
Operating Expense $4,937
Net Operating Income $11,587
Expense Ratio 30856.2 %
Debt Info