The Union Grove, WI portfolio presents a compelling investment opportunity with both steady cash flow and value-adding potential. Dominating the 5-mile radius of the main property location, this portfolio comprises 4 locations. There are three facilities currently operating which combined contain 130,700 NRSF of existing storage. Two out of the three locations include approved expansion plans. Additionally, there is a 13-acre site, undeveloped, that offers approved site plans for 91,000+ SF of new storage.
The 3 existing facilities maintain 98% physical occupancy with an economic occupancy rate of 80%. The main location (19031 Spring St) which is the largest facility, includes a space for on-site management and approved expansion plans for two new buildings, providing another 13,980 SF. It also features a 2,000 SF heated and electric commercial space, currently utilized by the owner, which can be an additional income source for a new operator. Just under 3 miles away from the main site is the Union Grove location (20915 Durand Ave). This serves as a central hub and is a mere 3-minute drive from the Kansasville location (22841 Durand Ave). The Kansasville location has approved plans that will both optimize parking availability and add an extra 9,060 NRSF of storage. Three miles north of the main location, there is a development site, boasting 13 acres of land. The property is equipped with a retention pond and has been approved for future storage development.
These well-constructed facilities contain the most optimal equipment to efficiently operate. The properties are securely fenced in, with electronic gate code access, security cameras, and paved drive- aisles. Due to the scarcity of storage supply within the 3, 5, and 10-mile radius, the potential for additional growth and profit this opportunity offers to a new investor is substantial.
