DEAL SUMMARY

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List Price:   Market Driven

NRSF:         56,664

Units:          803

Acres:         0.26

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INVESTMENT HIGHLIGHTS

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STRATEGIC MILWAUKEE LOCATION // Located at 3742 W Wisconsin Avenue, the property benefits from a densely populated three-mile trade area with 232,128 residents, 6,849 housing starts, and a limited self-storage supply of just 2.91 square feet per capita. These favorable market fundamentals position the facility to capitalize on strong existing demand and continued residential growth.

 

100% CLIMATE-CONTROLLED OFFERING // The fully climate-controlled facility features 112 ground-level units and 691 elevator-accessible units across a diverse range of unit sizes to accommodate varying customer needs. Two drive-in loading bays provide convenient, weather-protected access, enhancing the overall customer experience.

 

MODERN CONSTRUCTION & ACCESS // Built in 2020, the facility features durable block construction, a rubber membrane roof, covered drive-in loading access, secure keypad entry, and elevator service, providing a modern, well-equipped storage experience designed for customer convenience and operational efficiency.

 

SIGNIFICANT LEASE-UP UPSIDE // Entering the fall season, the property was 29.0% occupied by unit count (233 units) and 35.9% occupied by rentable square footage (20,318 NRSF), presenting substantial lease-up potential and an opportunity for a new owner to drive occupancy growth and increase net operating income.

 

SUPPORTIVE DEMOGRAPHIC FUNDAMENTALS // The surrounding three and five-mile trade areas are projected to grow of 2-3% over the next five years, providing an expanding customer base and supporting long-term demand for self-storage.

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INVESTMENT SUMMARY

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Equicap Commercial proudly presents the opportunity to acquire a modern, StorMark (Managed) Self Storage, a 100% climate-controlled self-storage facility located at 3742 W Wisconsin Avenue in Milwaukee, Wisconsin. Built in 2020, the property comprises 803 storage units totaling 56,664 net rentable square feet (NRSF). The facility features durable block construction, a rubber membrane roof, secure keypad entry, and elevator service. The unit mix includes 112 ground-level units and 691 elevator-accessible units across a variety of sizes to accommodate diverse customer needs. Additionally, two covered drive-in loading bays provide convenient, weather-protected access, enhancing the overall customer experience.

 

Strategically positioned within a densely populated Milwaukee trade area, the property benefits from strong demographic fundamentals and limited existing self-storage supply. The surrounding three-mile trade area encompasses approximately 232,128 residents, 6,849 housing starts, and just 2.91 square feet of self-storage space per capita, indicating a potentially underserved market. Furthermore, the surrounding three- and five-mile trade areas are projected to experience population growth of 2–3% over the next five years, providing an expanding customer base and supporting long-term demand for self-storage. The combination of population density, residential development, and limited storage supply creates a favorable environment for continued lease-up and future stabilization.

 

The investment presents a compelling value-add opportunity through continued lease-up and operational growth. Entering the fall season, the facility was 29.0% occupied by unit count (233 units) and 35.9% occupied by rentable square footage (20,318 NRSF), providing substantial runway for increased occupancy and revenue generation. A new owner has the opportunity to implement targeted marketing initiatives, competitive rental strategies, and operational efficiencies to accelerate lease-up and drive net operating income. With its modern construction, fully climate-controlled offering, favorable demographic fundamentals, and significant remaining lease-up potential, the property represents an attractive opportunity to acquire a well-positioned self-storage asset in the Milwaukee market.

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