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Listed by Christine Jasser • Mahler Sotheby's International Realty
$ 6,400,000
Est. payment /mo
Contingent
4704 Drott DRIVE Janesville, WI 53547
78,480 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Contingent
Purchase Type For Sale
Square Footage 78,480 sqft
Price per Sqft $81
Municipality JANESVILLE
MLS Listing ID 1915783
Year Built 2000
Annual Tax Amount $51,449
Tax Year 2024
Lot Size 5.500 Acres
Acres 5.5
Property Description
Earn immediate cash flow with this reputable self-storage business. Located off Hwy 14 on the east side of Janesville close to the interstate and main highways. There are 78,480 NLSF spanning over 10 buildings. The 419 total storage units' range in size from 5x10 to 11x40, averaging 187 SQFT per unit. Currently at 92.8 pct. physical occupancy with annual NOI of approximately $487,000 and 81.6 pct. economic occupancy with potential of $530,500 NOI at max capacity. Janesville is centrally located between Madison, Milwaukee, Rockford and Racine and has a population of over 66,000.
Location
State WI
County Rock
Zoning M1
Rooms
Basement None / Slab
Interior
Cooling Other
Inclusions All steel buildings and garage openers
Exterior
Exterior Feature Aluminum/Steel, Steel
Garage Spaces 20.0
Parking On Site 20
Roof Type Metal,Other
Building
Dwelling Type Free Standing
Story 1
Sewer Municipal Sewer, Municipal Water
New Construction N
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