Photo of Self Storage Facility
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% (Actual)
- Listing ID: 304109
- Posted On: Oct 9, 2012
- Updated On: Mar 25, 2015
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 % |