W5099 Ct Hwy B
Fond Du Lac, WI 54937
A-Ok Mini Storage · Specialty Property For Sale · 48,518 SF

** All offers are due Tuesday, October 30, 2018, no later than 5:00pm CST. ** The Mele Group of Marcus & Millichap is pleased to exclusively list for sale A-Ok Mini Storage, located in Fond du Lac, Wisconsin. Situated along Fond du Lac’s County Road B, acquisition offers a qualified investor an excellent opportunity to obtain the area’s staple self-storage facility. The surrounding area lacks competition, allowing the facility to serve as the key storage destination. The facility’s historically high occupancy, paired with expansion opportunities on its two parcels, also advantageously positions the new investor to further cater to the community’s demand for storage. Additionally, the opportunity has fantastic financials, including a proforma cash-on-cash return of 10.07 percent and a current capitalization rate of 7.79 percent. Among the facility’s 15.72 acres, the property features 48,518 rentable square feet and 174 units, ranging from 80 square feet to 2,520 square feet to cater to all storage needs. The abundance of unit size options signifies the facility’s role as the primary facility, offering traditional storage unit sizes for one tenant, to large-scale units that are attractive for commercial tenants. The necessity to expand is indicated by the subject’s high occupancy of 97.01 percent; the location further benefits from the ease of acquiring a permit from the city for expansion. Since the facility’s initial construction in 2002, it has continued to expand through 2008, 2010 and 2012 to continue meeting the demand for storage. The four-mile radius surrounding the subject is growing significantly compared to the rest of the region, projected to increase at a thriving rate of over 0.60 percent annually from 2018 to 2022. The subject is located at W5099 County Road B, a busy rural highway with over 4,300 vehicles daily as reported by the Wisconsin Department of Transportation. This east-west county road has consistent traffic counts, linking the facility to the Town of Eden directly east at two-minute driving distance. A-Ok Mini Storage is the closest facility to the many residential homes comprising Eden without any competitors in proximity. Furthermore, there’s convenient access to Interstate 41 at a 1.5-mile distance and U.S. Highway 45 at a 2.5-mile distance, which witness traffic counts in excess of 38,700 and 4,700 vehicles daily. Numerous roadways are also in proximity, including County Road K that connects with County Road B, located at a quick 0.5-mile distance. Major employers in the nearby vicinity include Mercury Marine, Quad/Graphics and Grande Cheese Company.