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.
U-Haul Buys 2 'The Vault' Self-Storage Facilities in the Greater Milwaukee Area
Phoenix-based U-Haul International Inc., which operates more than 1,300 self-storage locations across North America, has acquired two self-storage facilities in the Greater Milwaukee area for $17 million: The Vault of Menomonee Falls and The Vault of Waukesha. The properties are within 15 miles of one another and 20 miles from Milwaukee.