Self-Storage Facility

Highway 43 Self Storage

801 E Centralia St, Elkhorn, WI 53121

Listing Price: $3,600,000

Cap Rate
6.03%
Number of Units
290
Occupancy
72.36%
Gross SF
40,566
Rentable SF
40,566
Price/Rentable SF
$88.74
Year Built
2016

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Highway 43 Self Storage located in Elkhorn, Wisconsin. The facility features 124 climate-controlled units and 166 non-climate-controlled units, totaling 40,566 net rentable square feet. They also offer 38 outdoor parking spaces for rent. The facility was originally built in 2016 and expanded in 2019. They have had strong historical occupancy rates and are currently 81.71 percent physically occupied. Highway 43 Self Storage has an on-site professional management office and 24-hour video surveillance.

The property is located just off Highway 43 and can be easily accessed from Highway 12, Highway 67 and is central to all of Walworth County and surrounding areas. It is also nearby many restaurant chains, retail stores, banks, businesses and neighborhoods. This offers the facility great street frontage and high daily traffic counts. The surrounding population has increased by 35 percent since 2000 within a five-mile radius and is continuing to grow.

Highway 43 Self Storage is being offered for $3,600,000 or $88.74 per rentable square foot.

Investment Highlights

  • 124 Climate-Controlled Units
  • 166 Non-Climate Controlled Units
  • 38 Outdoor Parking Spaces
  • 40,466 Net Rentable Square Feet

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Regional Manager

    License(s): WI: 56163-90

    Wisconsin

Self-Storage Facility

Highway 43 Self Storage

Listing Price: $3,600,000

Cap Rate
6.03%
Number of Units
290
Occupancy
72.36%
Gross SF
40,566
Rentable SF
40,566
Price/Rentable SF
$88.74
Year Built
2016

Investment Highlights

  • 124 Climate-Controlled Units
  • 166 Non-Climate Controlled Units
  • 38 Outdoor Parking Spaces
  • 40,466 Net Rentable Square Feet

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Highway 43 Self Storage located in Elkhorn, Wisconsin. The facility features 124 climate-controlled units and 166 non-climate-controlled units, totaling 40,566 net rentable square feet. They also offer 38 outdoor parking spaces for rent. The facility was originally built in 2016 and expanded in 2019. They have had strong historical occupancy rates and are currently 81.71 percent physically occupied. Highway 43 Self Storage has an on-site professional management office and 24-hour video surveillance.

The property is located just off Highway 43 and can be easily accessed from Highway 12, Highway 67 and is central to all of Walworth County and surrounding areas. It is also nearby many restaurant chains, retail stores, banks, businesses and neighborhoods. This offers the facility great street frontage and high daily traffic counts. The surrounding population has increased by 35 percent since 2000 within a five-mile radius and is continuing to grow.

Highway 43 Self Storage is being offered for $3,600,000 or $88.74 per rentable square foot.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Regional Manager

    License(s): WI: 56163-90

    Wisconsin

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