Just Listed

StorSafe of Wisconsin (5 Properties)
Milwaukee MSA | Wisconsin

DEAL SUMMARY

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List Price:   $20,810,000

NRSF:         258,450

Units:          1,335

Locations:   5

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INVESTMENT SUMMARY

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Equicap Commercial is pleased to offer for your consideration, StorSafe of Wisconsin, a five-property remotely managed self storage portfolio, consisting of 258,450 net rentable square feet. All five facilities are in the Milwaukee MSA (North Milwaukee) and positioned within a 30-mile radius.

 

StorSafe of North Milwaukee: Located at 7825 W Tower Ave, Milwaukee, WI the facility features 426 units spread across 55,980 net rentable square feet of drive-up and climate-controlled. The office was recently updated to include an on-site customer service and rental center powered by StoreEase. As of December 31, 2024 the facility was 70 percent physically occupied with a scheduled rent equating to $10.67/foot.

 

StorSafe of Port Washington: Located at 3215 Northwoods Rd, Port Washington, WI is a 43,000 square foot facility featuring 246 drive-up and climate-controlled units. There is an on-site office (currently unused) and rentals are made via the on-site kiosk. As of December 31, 2024 the facility was 85 percent physically occupied with a scheduled rent equating to $7.30/foot.

 

StorSafe of Slinger: Located at 3651 Lovers Ln, Slinger, WI and sitting on 8.2 acres, the 65,610 net rentable square foot facility was last expanded in 2022 and is already 89 percent occupied with a scheduled rent of $7.30/foot – units can be rented with via an on-site rental kiosk. The well-maintained post frame buildings offer drive-up units (some with electric) ranging in size from 100 sq ft to 630 sq ft. There is room for additional square footage.

 

StorSafe of Trenton: Located at 4975 Cal Drive, West Band, WI and less than 6.5 miles from the West Bend location, Trenton offers 268 drive-up units spread across 58,460 net rentable square feet, and 28+ outdoor parking spaces. Units are rented via an on-site rental kiosk and as of December 31, 2024 the facility was 81 percent physically occupied with a scheduled rent equating to $7.40/foot.

 

StorSafe of West Bend: Located at 1706 Schmidt Rd, West Bend is a 35,400 square foot facility strategically located in the heart of West Bend. The operation is remotely managed through an on-site rental kiosk and as of December 31, 2024 was 92 percent physically occupied with a scheduled rent equating to $8.27/foot.

 

The StorSafe of Wisconsin offering allows a new investor the opportunity to acquire a fully automated, well performing portfolio with upside through continued absorption of square footage and pushing trailing income to current scheduled rent levels. You can access the portfolio summary by clicking on the link below, and individual offering memorandums for each location can be viewed via sub-folders in the deal vault (access will be granted through an email after the C/A has been completed)

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