investment highlights
- UPSIDE POTENTIAL // Owner managed facility with an impressive track record of mid 90s occupancy; upside in implementing revenue management and dynamic pricing models as well as tenant insurance penetration. There is potential for future expansion as well.
- INSTITUTIONAL QUALITY ASSET // Well maintained property with attractive layout and amenities headlined by two large covered pull-in loading bays, large well appointed leasing office and favorable mix of interior climate control units as well as exterior drive-up.
- UNDERSUPPLIED MARKET // Mid 90s average occupancy across the comp set bolstered by just 4.3 square foot per capita within three miles.
- FAVORABLE DEMOS // Dense infill urban core submarket with over 215K people and 85K households within three miles.
- EXCELLENT LOCATION // Situated on a highly traveled commuter corridor with over 50K passing cars per day (W Burnam & Miller Parkway). National brands in the immediate area include Target, Aldi, Menards and Buffalo Wild Wings to name a few.
property overview
Stadium Self Storage consists of 898 units across 110,652 net rentable square feet. Originally built in 1942, the main building is a two-story climate-controlled structure with a basement. In addition, there are four single-story drive-up all metal buildings and an outdoor surface parking area for vehicles.
The facility includes two large covered loading bays, and a large institutional grade leasing office with security monitors and retail displays. There are paved driveways throughout as well as elevated back lit signage visible with excellent visibility from Burnam Street. The facility is secured via multiple cameras, perimeter fencing, LED lighting and has digital gate access at the primary ingress to the property and building entryways.
Stadium Self Storage has high visibility on West Burnham Street and sits in a densely populated trade area with a population of over 200,000 people. Conveniently located near Miller Park Way and I-94, the facility is in a desirable area surrounded by a mix of residential, retail and industrial. Major demand drivers in the immediate area include Target, Aldi, Menards and Buffalo Wild Wings, to name a few.
