Nearly Stabilized Self-Storage Opportunity – Madison, WI
6817 Seybold Rd Madison, WI 53719
This offering presents an opportunity to acquire a physically stabilized self-storage facility in a strong Madison submarket. The property comprises five parcels and eleven buildings located along Seybold Road, spanning 4.7 acres and offering 60,724 rentable square feet of drive-up, climate-controlled, and non-climate-controlled units. In addition, 6816 and 6717 Seybold Road include a cell tower lease generating approximately $40,000 in annual rent.
Currently 95% occupied with in-place rents of $16.21 per square foot, the property has maintained strong historical occupancy of 92.4% over the past 12 months, with in-place rents averaging $15.71. Based on Cushman & Wakefield’s market rent survey, there is significant upside in rents that can be captured immediately. The unit mix is well-suited for contractors, small businesses, and similar users, providing insulation from competition with newer, multi-story product. Market rents in the trade area average $17.41 per square foot, and the area’s low supply—just 4.89 square feet of storage per capita—indicates strong demand and limited competition.
Strategically located on Madison’s west side, the facility benefits from excellent regional connectivity via the West Beltline Highway (US-12/14) and Mineral Point Road, offering direct access to residential neighborhoods and commercial districts such as West Towne and Middleton. Madison, as Wisconsin’s capital and a growing tech and education hub, boasts a strong economic base anchored by the University of Wisconsin–Madison, major healthcare systems, and a rising population of young professionals and students. The surrounding area has seen steady residential development and retail growth, including West Towne Mall and Hilldale Shopping Center. Given the facility’s prime location, strong population density, and limited self-storage competition, it is well-positioned to capture continued rent and NOI growth.