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DEAL SUMMARY

List Price:  $3,500,000

NRSF:        38,160

Units:         90 Self Storage / 37 Parking / 2 Houses / 2        Warehouse / 2 Retail

Acres:        3.146

 

INVESTMENT HIGHLIGHTS

  • PRIME LOCATION // Located in a densely populated market with car counts exceeding 14K vehicles per day on Packerland Dr and 30k vehicles per day from Veterans Memorial Highway.

  • EXCELLENT DEMOS // The five-mile trade area boasts 325K+ people, 59K+ households. Five-year population growth is projected at over 2% supporting future demand for self storage

  • OPERATIONAL UPSIDE // Current owner does not answer the phone regularly, thus directs all customers to rent online. Also, the owner just started implementing tenant insurance, and no dollars are spent on advertising. Improving mgmt processes would help to improve the economic vacancy, and support converting the rest of the building to storage.

  • OUTDOOR PARKING // Opportunity to utilize back lot with more parking. Current owner does not have parking as an option on the website.

  • CONVERSION OPPORTUNITY // Opportunity to convert remainder of the 19,250 sq ft building into climate control units.

  • TAX BENEFIT // This Property is Located Within a TIF District.

Lok Safe Storage - Ullmer

Green Bay, Wisconsin

JUST LISTED