Marcus & Millichap Brokers $17M Sale of Self-Storage Portfolio in Greater Milwaukee
MENOMONEE FALLS AND WAUKESHA, WIS. — Marcus & Millichap has brokered the sale of two self-storage facilities in the greater Milwaukee area for $17 million. The Vault of Menomonee Falls and The Vault of Waukesha are located 15 miles from each other and approximately 20 miles from Milwaukee. The sales price is the highest on record for a self-storage portfolio in the Milwaukee-Waukesha-West Allis metropolitan statistical area, according to a news release.
Record-Breaking Self-Storage Portfolio Sale in Greater Milwaukee
Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of two self-storage facilities in the Greater Milwaukee area, The Vault of Menomonee Falls and The Vault of Waukesha. The two properties sold for a total of $17,075,000, which equates to just under $118 per square foot. The sales price is the highest on record for a self-storage portfolio in the Milwaukee-Waukesha-West Allis metropolitan statistical area (MSA).
The Mele Group of Marcus & Millichap Closes Record-Breaking Self-Storage Sale
The two properties, The Vault of Menomonee Falls and The Vault of Waukesha, sold for the highest amount ever paid for a self-storage portfolio in the Greater Milwaukee area.
Self-Storage Properties In WI Set A Record
MILWAUKEE - For a long time, Milwaukee was a low-activity market, but it recently hit everyone’s radar screen.
ISS Publishes Podcast on the Effect of the Trump Administration on Self-Storage Real Estate
Inside Self-Storage (ISS) has released a new installment to its Sounds of Storage podcast series titled, “Michael Mele Discusses the Trump Administration Effect on Self-Storage Real Estate.” The seven-minute interview with the senior managing director of investments for Marcus & Millichap addresses industry real estate trends and how the sector is performing. Mele also offers insight on potential interest-rate increases and how legislative variations could impact owners and investors.