JUST LISTED

Freedom Self Storage Portfolio
Northern Lake Market, Wisconsin

DEAL SUMMARY

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List Price:   $2,000,000

NRSF:         44,300

Units:          215 

Locations:   3

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INVESTMENT HIGHLIGHTS

 

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

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MANAGEMENT OPPORTUNITY // Opportunity for a new owner to automate the overall operation; by automating the rental process further, by utilizing the DaVinci lock system.

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ADD VALUE OPPORTUNITY // With the sites being less than 2 years old, a new owner has the opportunity to physically and economically stabilize the operations, where it increased physically by more than 10% in the last two months. Also, current ownership does not charge admin fees, or offer tenant protection, and there is room to maximize the consistency on late fees.

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MARKETING OPPORTUNITY // Current ownership does not do any marketing, with it being a lake community, new ownership can add SEO, allowing to further stabilize the occupancy, while increasing rental rates.

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EXPANSION OPPORTUNITY // Opportunity to expand on two of the three locations, or utilize the space for Car / RV / Boat parking.

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INVESTMENT SUMMARY

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We are pleased to offer for purchase, Freedom Storage, a self storage portfolio, located in Northern Wisconsin. Currently managed by a husband wife team, the offering consists of 44,300 net rentable square feet, over 12 buildings that house 215 drive up units that are strategically positioned throughout the Northern Wisconsin Lake market.

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- ARBOR VITAE, WI: The property at 11019 Highway 70, Arbor Vitae, WI, is conveniently situated just off Highway 70 and Highway 51, offering excellent visibility with high traffic counts. Spanning 2.12 acres, the site is improved with six buildings, comprising 85 drive-up units and totaling 17,000 net rentable square feet. Built less than two years ago, the property features all-steel buildings, 200-amp service, LED lighting, Google verification, and brand-new security cameras. Additionally, the property offers opportunities for expansion or the addition of outdoor parking to generate additional revenue.

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- ST GERMAIN, WI: Located just off Highway 70, the property at 5881 Highway 70 in St. Germain, WI, offers excellent visibility from highway traffic. This 5.748-acre parcel includes three buildings with 65 traditional drive-up units, totaling 13,650 net rentable square feet. The site, only a year and a half old, features all-steel buildings, 200-amp service, LED lighting, and wiring for security cameras. Additionally, a new owner has the opportunity to expand the property or add outdoor parking to generate additional revenue.

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- EAGLE RIVER, WI: The property located at 1878 Collin’s Court in Eagle River, WI, is conveniently situated near the airport off Highway 45. This 2.71-acre parcel features three buildings with 65 units, providing a total of 13,650 net rentable square feet. The improvements are just a year and a half old, constructed with red steel, equipped with 200- amp service, LED wall lighting packs, and wiring for security cameras. Additionally, the property is Google-verified.

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With the operation being less than two years old and not yet fully stabilized (though lease-up trends are strong), a new owner has the opportunity to shape and grow the business. This includes the ability to implement in-place rental rates from day one, consistently charge administrative and late fees, and maximize tenant insurance penetration. Additionally, the new owner will have the potential to expand two of the three locations, as previously mentioned.