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721 Forward Dr - Storage Brothers 26,800 SF Specialty Building Offered at $2,500,000 at a 5.99% Cap Rate in Madison, WI 53711
Investment Highlights
- Mom-and-pop operated with upside through rental rate increases and ancillary income streams
- Current rental rates are 20-30% below market vs. nearest competitors
- Over 90,000 people within 3 miles and over 240,000 within 5 miles
- 91%+ unit occupancy despite limited online presence
- 4.75 SF per Capita within 3 miles — extremely low supply, high barrier to entry market
- Projected returns north of 9.50% in Year 3 and north of 10% in Year 4
Executive Summary
Matt Fitzgerald
License # 51983-90, 938105-91 (WI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # 51983-90, 938105-91 (WI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
| Price | $2,500,000 | Building Class | C |
| Price Per SF | $93.28 | Lot Size | 1.57 AC |
| Sale Type | Investment | Building Size | 26,800 SF |
| Cap Rate | 5.99% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1986 |
| Property Subtype | Self-Storage | Opportunity Zone |
Yes
|
| Zoning | G2 | ||
| Price | $2,500,000 |
| Price Per SF | $93.28 |
| Sale Type | Investment |
| Cap Rate | 5.99% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 1.57 AC |
| Building Size | 26,800 SF |
| No. Stories | 1 |
| Year Built | 1986 |
| Opportunity Zone |
Yes |
| Zoning | G2 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0708-254-0075-1 | Improvements Assessment | $1,873,000 |
| Land Assessment | $385,000 | Total Assessment | $2,258,000 |
Property Taxes
Parcel Number
0708-254-0075-1
Land Assessment
$385,000
Improvements Assessment
$1,873,000
Total Assessment
$2,258,000
Contacts
-
Campbell Watkins -
Hunter Reynolds -
Austin McLeod -
Matthews Real Estate Investment Services
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