4801 Washington Ave

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4801 Washington Ave

Racine, WI 53406
Asking Price
Contact for price
Asset Type
Retail
Class
Class B

What's Special

Retail | 78,527 SqFt <ul><li>​Unique Opportunity to Acquire a 78,527 NRSF Stabilized Self Storage Facility in the Established and Under-supplied Racine, Wisconsin Market</li><li>​Yield-Producing Facility With Current Physical Occupancy at 95% and Economic Occupancy at 96%</li><li>​Facility is 95 Percent Occupied with Ability to Grow Effective Rates Upwards of 5% Percent to Achieve Pro Forma NOI</li><li>​Under Supplied Major Metro: 5.37 SF at 1 Mile, 7.23 SF at 3 Miles, 8.87 SF at 5 Miles</li><li>​The Property Benefi

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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