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AVAILABLE

Assured Storage Portfolio
Michigan & Wisconsin

Exclusively Listed By:
EquiCap Commercial through ParaSell Inc (Michigan Broker of Record)

DEAL SUMMARY

List Price:   $2,695,000

Locations:   Four

NRSF:        56,106

Units:          231

INVESTMENT HIGHLIGHTS

FOUR SITES // Hazelhurst, Boulder Junction and Lac Du Flambeau, Wisconsin and Ironwood, Michigan.

WELL POSITIONED LOCATIONS // All locations are strategically positioned along high traffic count thoroughfares with convenient proximity to local and vacation home residents.

HISTORICALLY HIGH OCCUPANCY // Occupancy levels have historically exceeded 90 percent.

 

IMPROVEMENTS // Current ownership is adding security cameras to all the facilities, allowing a new owner to access viewing the site when needed. Also, one of the Hazelhurst buildings has a new roof and majority have the siding replaced. The Ironwood location paving will be sealed in the spring.

 

ANCILLARY INCOME OPPORTUNITY // The current ownership does not charge admin fees, or late fees, and there is room to maximize the offering on tenant insurance.

RENTAL RATE OPPORTUNITY // A new owner will be able to increase the advertised street rents, which will allow them to improve the in place rental rates as well.

EXPANSION OPPORTUNITY // Possible opportunity to expand on the three of the six locations.

INVESTMENT SUMMARY

We are pleased to offer for purchase, Assured Storage, a self storage portfolio, located in Northern Wisconsin. Currently managed by a husband wife team, the offering consists of 56,106 net rentable square feet, over 14 buildings that house 193 drive up units and 38 climate controlled units that are strategically positioned throughout the Northern Wisconsin Lake market.

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