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DEAL SUMMARY

List Price:  Market Bid

NRSF:        53,856

Units:         369 Self Storage / 311 Parking

Acres:        12.28

 

INVESTMENT HIGHLIGHTS

  • Investment Grade Operation, Located in Metro Milwaukee, Prominent Visibility along Silver Spring Drive, Visible to 24,400 Cars/Day

  • 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.

  • Construction and Finishes are Institutional Grade with Top of Class Amenities:

    • Well-Pronounced On-site Rental Office

    • Monument Sign with Digital Reader Board

    • Five-Ton Loading Dock

    •  State-of-Art Security System with 80 Cameras and a License Plate Reader

    • Two Gated Entry Points with PTI Keypad 24-Hour Access

    • 40 Powered Bollards for the Outdoor Parking Spaces, Multiple LED Pole Lights and Wall Packs on Timers 

    • Janus Metal Hallway Systems, Standing Seam Metal Roof, Hardy Board and Metal Exterior, and Asphalt Paved Aisles.

  • Located in Densely Populated and Under-Served Market with 138,639 People with Three-Mile Radius - Supply Index 5.61 Sq Feet/Person

  • Current Owner Enjoyed Occupancy Level in 80% Range with Very Little Advertising Spend & No Website

  • New Owner can Build the Current Rent Roll through Implementation of Technology and Marketing plus Pushing In-Place Rents and Offer Insurance

Silver Spring Self Storage

Milwaukee, Wisconsin

JUST LISTED