DEAL SUMMARY
List Price: Market Bid
NRSF: 53,856
Units: 369 Self Storage / 311 Parking
Acres: 12.28
INVESTMENT HIGHLIGHTS
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Investment Grade Operation, Located in Metro Milwaukee, Prominent Visibility along Silver Spring Drive, Visible to 24,400 Cars/Day
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Two Parcels, Improved with Two Fully Climatized Buildings with 369 Units Across 53,856 NRSF plus 4.5 Acre Paved Outdoor Parking Area with 311+ Spaces and Room for Expansion along Silver Springs Drive.
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Construction and Finishes are Institutional Grade with Top of Class Amenities:
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Well-Pronounced On-site Rental Office
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Monument Sign with Digital Reader Board
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Five-Ton Loading Dock
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State-of-Art Security System with 80 Cameras and a License Plate Reader
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Two Gated Entry Points with PTI Keypad 24-Hour Access
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40 Powered Bollards for the Outdoor Parking Spaces, Multiple LED Pole Lights and Wall Packs on Timers
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Janus Metal Hallway Systems, Standing Seam Metal Roof, Hardy Board and Metal Exterior, and Asphalt Paved Aisles.
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Located in Densely Populated and Under-Served Market with 138,639 People with Three-Mile Radius - Supply Index 5.61 Sq Feet/Person
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Current Owner Enjoyed Occupancy Level in 80% Range with Very Little Advertising Spend & No Website
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New Owner can Build the Current Rent Roll through Implementation of Technology and Marketing plus Pushing In-Place Rents and Offer Insurance