Marcus & Millichap: Brokers self-storage portfolio sale in Sheboygan, Wisconsin

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.