investment highlights
- STRONG PERFORMANCE // Established asset that has maintained an average physical occupancy of 96 percent prior to the existing expansion coming online.
- POTENTIAL UPSIDE // Opened an 80k NRSF expansion in May 2024 which is also performing above projections with 10 percent of the expansion already leased.
- COMPETITIVE LOCATION // Located in the southwest quadrant of New Richmond at the intersection of Highway 65 and County Road G and with over 10,000 passing vehicles per day. The facility serves as the primary storage option for the southern portion of New Richmond (competitive properties primarily located to the north of the city).
- QUALITY LAYOUT // 100 percent drive-up units with two entrances (one each off of Highway 65 and County Road G respectively). The facility is well lit with 24-hour security cameras, gated, fully paved and of steel construction.
- INDIVIDUALLY MANAGED BY ORIGINAL DEVELOPER // Upside in utilizing professional management.
property summary
Sunnyside Super Storage is a 1,051 unit, 226,860 net rentable square foot self-storage facility located in New Richmond, Wisconsin. The property sits on approximately 22.44 acres of land and was constructed in 2018/2024. Sunnyside Super Storage has many amenities including 24/7 video surveillance throughout the facility, fully paved concrete driveways, a fully fenced perimeter, and units with roll-up doors. Sunnyside Super Storage is located one mile south of a retail corridor on Highway 65 with 8K passing vehicles per day. Notable tenants include Walmart, Subway, Aldi and Taco Bell.
