Extra Space (Managed) Portfolio (2)
WI Class A Portfolio | 132,523 NRSF | Self Storage
Marketing description
- Institutional Portfolio: Phenomenal opportunity to acquire a fully stabilized institutional portfolio, totaling nearly 140k NRSF, in the affluent and highly-sought-after Appleton WI MSA, one of the most favorable markets in the Midwest
- High Stabilized Occupancy: Well over 91% physical occupancy at Neubert Rd and at Stoney Brook Rd
- Exceptional Demographics: Median Household Income exceeds $100,000 at both sites, well above the National median
- Strategic Frontage: Each site enjoys direct traffic access and visibility to major highway thoroughfares with 20,000+ VPD
- Low Development Risk: The absence of any notable upcoming future supply within the trade area mitigates competitive risk and underpins steady full occupancy
- Premier Location: Positioned within one of the region’s most desirable and resilient MSAs, supporting long-term growth and income stability
- Regional Logistics Access: I-41 connectivity supports strong distribution and industrial tenancy between the robust Green Bay-Milwaukee-Chicago corridor
Investment highlights
Well-positioned two-property self-storage portfolio in Appleton, WI, with strong market fundamentals and excellent value-add potential. Located at 5483 Neubert Road and N218 Stoney Brook Rd, the portfolio encompasses 132,523 net rentable square feet (NRSF) with a total of 1,164 self-storage units. Constructed as institutional-quality assets in 2022, the facilities are currently operating at 92.3% physical occupancy and 78% economic occupancy at pro forma market rates, presenting significant potential for immediate revenue growth. The portfolio boasts a distinct physical quality advantage in the local market, providing a premier storage solution for household and commercial needs. The Stoney Brook facility benefits from a highly constrained development pipeline, with zero square feet of planned, prospective, or under-construction supply within a five-mile radius. With an entirely climate-controlled storage unit mix at the Neubert property and modern systemic components across both locations, the portfolio is well-insulated to capture existing community demand and outperform older competitors built in the 1990s.
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