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Self-Storage Facility

Nike Storage Center

1102 120th St, Roberts, WI 54023

Listing Price: $1,500,000

Cap Rate
8.89%
Number of Units
423
Occupancy
91.0%
Gross SF
43,226
Rentable SF
43,226
Price/Rentable SF
$34.70
Year Built
1955

Investment Overview

Property layout consists of multiple single-story above grade buildings. Walls and foundation are constructed from concrete block and slab with metal roofing. The facility also includes unanchored steel shipping containers. Facility is fully fenced with a gated entrance/exit and 24-hour video surveillance. Wide drive aisles, on-site manages office, rentable parking spaces and room for expansion makes for a great investment.

Investment Highlights

  • Good Historical Occupancy // This property has a proven track record of having strong physical occupancy rates since being renovated in 2005. Current Physical Occupancy is above 91%.
  • Diverse Unit Mix // Nike Storage Center contains a vast array of different unit types in a variety of sizes, accommodating many types of storage needs.
  • Expansion Opportunity // The total property is 17.74 acres with additional unused acreage with the option to be developed. The Site also includes numerous storage containers that can be reconfigured.
  • Growing Location // Since 2010, Roberts has seen a 21.93% growth in population and a 3.18% growth in 2020. This increase is largely due to its lower cost of living and it's location just 30 miles from Downtown Saint Paul.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s) WI: 56163-90

    Wisconsin

Self-Storage Facility

Nike Storage Center

Listing Price: $1,500,000

Cap Rate
8.89%
Number of Units
423
Occupancy
91.0%
Gross SF
43,226
Rentable SF
43,226
Price/Rentable SF
$34.70
Year Built
1955

Investment Highlights

  • Good Historical Occupancy // This property has a proven track record of having strong physical occupancy rates since being renovated in 2005. Current Physical Occupancy is above 91%.
  • Diverse Unit Mix // Nike Storage Center contains a vast array of different unit types in a variety of sizes, accommodating many types of storage needs.
  • Expansion Opportunity // The total property is 17.74 acres with additional unused acreage with the option to be developed. The Site also includes numerous storage containers that can be reconfigured.
  • Growing Location // Since 2010, Roberts has seen a 21.93% growth in population and a 3.18% growth in 2020. This increase is largely due to its lower cost of living and it's location just 30 miles from Downtown Saint Paul.

Investment Overview

Property layout consists of multiple single-story above grade buildings. Walls and foundation are constructed from concrete block and slab with metal roofing. The facility also includes unanchored steel shipping containers. Facility is fully fenced with a gated entrance/exit and 24-hour video surveillance. Wide drive aisles, on-site manages office, rentable parking spaces and room for expansion makes for a great investment.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s): WI: 56163-90

    Wisconsin

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