Lok Safe Storage Two Property Portfolio

Property Title

Manitowoc, WI

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investment highlights

  • 2 Self Storage Properties Located 2 Miles Apart
  • 289 Units with 61,820 Rentable Square Feet
  • 10+ Acres Total with Room for Expansion at Both Locations
  • Increase Profits by Raising Rents

property summary

Lok Safe Storage is a two-property portfolio located in Manitowoc, WI.  Combined, the properties offer 289 units with 61,820 net rentable square feet. The properties were constructed in 2005 and have since been renovated which included new roofs, siding, and lighting.  Unit sizes range from 60 square feet up to 600 square feet to accommodate all your storage needs.

Lok Safe CR is located on the Southwest side of town near Highway 43.  Among the facilities 5.57 acres, the property features 45,340 rentable square feet with 237 units. The unit comprise of 219 traditional units, 18 heated units, and an acre of land for future expansion. Low vacancies at the properties have signified a need for additional units.  In 2014, new metal roofs and siding were installed and new lights have been added to the property.  This properties daily traffic counts are 6,358.

Lok Safe Downtown is located on the Southeast side of off of Grand Ave & 18th Street. Among the facilities 5.01 acres, the property features 17,280 rentable square feet with 52 traditional units.  The property also includes 4 acres of land that can be used for future expansion. The facility has had new shingle roof in 2014 and new lights. This property benefits from a residential based location with daily traffic counts of approximately 7,700.

The city of Manitowoc is located on Lake Michigan at the mouth of the Manitowoc River. Manitowoc is home to more than 30,000 residents, with over 50,000 residents in the surrounding communities. Manitowoc is near cities like Green Bay, 40 miles away, Sheboygan 28 miles away, Appleton 47 miles away, and Milwaukee 80 miles away.  The City has benefited from is picturesque shoreline, quality schools and safe neighborhoods, as well as strong regional connections.  The City is located along major ground and water transportation corridors connecting it to regional markets, population, and economic cores of the Midwest and beyond.

Broker Information

Chris Kampmeyer

Associate

Phone: 952.852.9762
Email: ckampmeyer@marcusmillichap.com
License: MN 40584756

Adam Schlosser

Senior Vice President

Phone: 303.328.2044
Email: aschlosser@marcusmillichap.com
License: CO FA100050407

Todd Lindblom

Broker of Record

Phone: 262.364.1966
Email: todd.lindblom@marcusmillichap.com
License: 56163-90

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