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Marcus & Millichap Brokers Self-Storage Portfolio Sale in Sheboygan, Wisconsin

November 30, 2022

SHEBOYGAN, Wis., Nov. 30, 2022 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of the Champion Storage portfolio, a five-property, self-storage sale across Sheboygan, Wisconsin.

“With a combined total of 1,167 units across the properties, this acquisition represents a strong market share of the Sheboygan self-storage assets market and features both climate and non-climate-controlled units, outdoor parking spaces and additional warehouse and portable container units,” said Sean Delaney, senior managing director investments, Marcus & Millichap. “Champion Storage has had historically high occupancies with current occupancy at 95%, with zero discounting. All five facilities in this portfolio are positioned along the well-traveled Highway 42 with the maximum distance between the facilities being four miles.” Delaney represented the seller, JGSS, LLC, and procured the buyer, Rogers Equity Group IV, LLC.

Sheboygan, Wisconsin is a thriving suburban area, equidistant between Milwaukee and Green Bay. The area’s strong residential base helps drive the demand for self-storage and draws customers from beyond a five-mile radius. Within a five-mile radius of the property, the estimated household income is $75,211 and the population estimation is 61,125.

Todd Lindblom is Marcus & Millichap’s broker of record in Wisconsin.

 

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About Marcus & Millichap (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.

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