Bears Den Storage
Arbor Vitae, WI
Executive Summary
Summary
- Property Address 1768 US-51, Abor Vitae, WI 54568
- County Vilas
- APN 2-701 & 2-702
- Price $1,800,000
- Price Per Sq. Ft. $65.68
- Acreage 9.08
- Enclosed Sq. Ft. 27,404
- Vehicle Storage 5,040
- Number of Storage Units 92
- Vehicle Storage Spaces 14
- Year Built 2003, 2017, 2018, & 2019
- Traffic Count 8,700
- Occupancy 100%
- Cap Rate 4.18% (Existing) | 7.6% (Pro-Forma)
John 14:6 - Jesus said unto him "I am the way, the truth, and the life. No one comes to the Father except through Me."
The Calvary Realty National Storage Group is pleased to present this self storage investment opportunity in Arbor Vitae, Wisconsin.
Comprising four buildings constructed between 2003 and 2019, this expansive facility spans 395,525 square feet of land, with 27,404 square feet of enclosed space across 106 units. Boasting a 100% physical occupancy, Bears Den Storage has been a stable and reliable investment since its opening in 2003.
Bears Den Storage enjoys a strategic location near US Highway 51, with a traffic count of 8,700. The city's status as a destination area, attracting both tourists and non-locals, contributes to consistent demand for storage solutions.
Notably, 60% of tenants are from out of the area, utilizing the storage as a convenient alternative to transporting items back to their primary residence. The facility's popularity is further evidenced by tenants paying 6-12 months in advance to secure their storage space and avoid potential rate increases.
In summary, Bears Den Storage is a stable, high-demand investment in Vilas County, with a proven track record of full occupancy, strategic location, and a proactive approach to tenant satisfaction. Don't miss this opportunity to secure a reliable and lucrative addition to your portfolio.
Key Facts
Team
Geramie Bascomb
