Listing Portfolios

Champion Self-Storage Portfolio - UNDER CONTRACT

NRSF - 215,830

The Mele Group of Marcus & Millichap has been selected to exclusively market for sale the Champion Self-Storage Portfolio in Sheboygan, Wisconsin.

Acquisition of the self-storage portfolio represents a rare opportunity for market dominance in an area that has continued to demonstrate a high need for quality self storage as the population continues to increase. Overall, the offering consists of seven, pristinely-maintained self-storage facilities all within a maximum traveling distance of six miles. With the facilities being in such close proximity, this allows for efficient management of the seven assets from one centralized location. Given the assets’ prominence in the market, the portfolio offers a wide array of storage amenities to accommodate all residential, business and recreational storage needs. With the facilities accounting for over half of the available self storage in Sheboygan, this will grant an investor a significant market footprint in the Sheboygan area, complete with ideal SEO to ensure that the facility is not only the most visible in Sheboygan, but also online. Furthermore, acquisition allows an investor to benefit from projected cash-on-cash returns in years two and three of 9.1 percent and 10.3 percent, respectively.

Of the seven self-storage facilities, the portfolio has 1,127 total units spanning across 215,830 rentable square feet. Each property is operated through the W1750 Playbird Road location, maintaining a portfolio total of 108 climate-controlled units, 737 non-climate-controlled units, 71 heated units, 182 boat/RV parking spaces, 18 storage containers, 10 warehouse spaces and one office space. The portfolio features a current physical occupancy of 84.7 percent paired with an economic occupancy of 77.8 percent. To ensure secure premises, the locations are equipped with video surveillance. Since its inception, Champion Self Storage has emerged as the prime destination for storage in Sheboygan, with the owners opening their first facility in 1997 and continuing to flourish in order to match the need for storage in the area. To further demonstrate this, the W1750 Playbird Road location is currently undergoing extensive expansion, which will yield multiple new buildings for future lease-up.

Sheboygan has continued to benefit from positive national recognition for its family-friendly environment, paired with a high quality of livability, safety and innovation. AARP ranks Sheboygan second among the top 10 most livable U.S. communities by population size, lauds the area as one of the best beach areas for families and Business Insider recognizes Sheboygan as one of the most innovative cities in the United States.