Originally built in 2001, Birchwood Storage consists of a ten-building self-storage facility that contains 96,100 total rentable square feet. There are 497 existing units (57 climate controlled; 430 non-climate controlled) ranging from 50-360 square feet. Prior to an addition of 161 units in 2011, the property consistently performed at stabilization. The property is owned and managed by a private investor whose primary business is a landscape, snow removal, and property maintenance company. As the owner gradually enters retirement, he dedicates less time each year towards managing Birchwood Storage. While the property remains in excellent condition due to his core business handling the maintenance, there has been little attention put into value add opportunities such as: instituting a policy for handling delinquent renters, evictions, and auctions; reducing concessions & discounts to the market; instituting a marketing & promotion budget; retail sales; offering tenant insurance; administrative fees; truck rental; website innovation; etc.
Superior location in the heart of Milwaukee's north side features excellent traffic counts (29,500 cars per day).
