Sheridan & Lockwood Self Storage Specialty FOR SALE


Kenosha, WI - Sunnyside
$3,500,000 USD
, Kenosha, WI for Sale
$3,500,000 USD
Specialty - FOR SALE
1/2
null | 6.31% Cap Rate

Sheridan & Lockwood Self Storage
Kenosha, WI
Sunnyside


HIGHLIGHTS

  • 240-unit, non-climate-controlled self-storage facility located in Kenosha, Wisconsin.
  • Diverse unit mix ranging from 4’×6’ to 12’×34’, appealing to a broad customer base.
  • Attractive in-place vacancy among smaller units, allowing operational improvement without new construction.
  • 78.8% physical occupancy, providing immediate lease-up and revenue upside.

OVERVIEW

The facility offers a diverse unit mix ranging from 4’×6’ up to 12’×34’, with a strong concentration of mid- and large-bay units (10’×10’, 10’×17’, and 10’×20’) that demonstrate solid demand. Current occupancy is 78.8% (189 of 240 units occupied), providing a clear lease-up and revenue growth opportunity, particularly among smaller unit sizes that remain underutilized. Based on market rents outlined in the offering, stabilized performance supports potential gross income of $351,000, resulting in effective gross income of $317,900 after a 10% vacancy factor. Total operating expenses are projected at $97,134, yielding a pro forma NOI of $220,766.

ASK ABOUT THIS PROPERTY

Research In ProgressResearch In ProgressMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Research In ProgressResearch In ProgressMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.