KO Storage of Superior 3rd Party Managed
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KO Storage of Superior 3rd Party Managed
4 Specialty Properties in Superior, WI
Investment Highlights
- Ability to achieve scale in the “Twin Ports” of Duluth MN and Superior WI
- Currently 85% occupancy with consistently high historical occupancy
- Instantly control the 2nd largest portfolio in an MSA with a population of 280,000 and growing
- $1,327,248 of gross potential income at current rent rates
- Turn Key Operation: Nearly $350,000 of capital expenditure projects completed in the last 2.5 years
Executive Summary
KO Storage (third-party managed) of Superior offers investors the opportunity to achieve market share in the densely populated city of Superior, Wisconsin. This portfolio includes 118,360 rentable square feet of drive up self storage between four locations. With consistently high occupancy, KO Storage of Superior has enjoyed strong revenue growth year over year.
Current ownership has made significant improvements to the portfolio’s curb appeal by spending roughly $350,000 on capital improvements over the last two and a half years. These projects include items such as adding security cameras, lighting, replacing doors and much more. With high physical occupancy and many tenants at below-market rates, this is an opportunity to capitalize on increasing rents and the ability to secure new tenants at higher street rates.
Broker of Record - Scott Knepper WI License #59011-90
Current ownership has made significant improvements to the portfolio’s curb appeal by spending roughly $350,000 on capital improvements over the last two and a half years. These projects include items such as adding security cameras, lighting, replacing doors and much more. With high physical occupancy and many tenants at below-market rates, this is an opportunity to capitalize on increasing rents and the ability to secure new tenants at higher street rates.
Broker of Record - Scott Knepper WI License #59011-90
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 83,977 SF |
| Number of Properties | 4 | Total Land Area | 1.75 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 83,977 SF |
| Total Land Area | 1.75 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2634-3124 Elmira Ave, Superior, WI 54880 | Specialty | 19,150 SF | 1900 | - |
| 2343 Elmira ave, Superior, WI 54880 | Specialty | 14,800 SF | 2014 | - |
| 1103 Oakes ave, Superior, WI 54880 | Specialty | 14,400 SF | 1992 | - |
| 2030 Elmira Ave, Superior, WI 54880 | Specialty | 35,627 SF | - | - |
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KO Storage of Superior 3rd Party Managed
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