Sheridan & Lockwood Self Storage Specialty FOR SALE


Kenosha, WI - Sunnyside
$3,500,000 USD
262-496-8883
, 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

Andy PittsPitts Brothers & Associates LLCMore Info
262-496-8883

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Andy PittsPitts Brothers & Associates LLCMore Info
262-496-8883

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