Home Industries Real Estate Self storage facility on Port Washington Road in Mequon sold for $16.4...

Self storage facility on Port Washington Road in Mequon sold for $16.4 million

By
Andrew Weiland
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A 702-unit self storage facility at 10448 N. Port Washington Road in Mequon was sold recently for $16.4 million, according to state records. The facility was sold by an affiliate of Milwaukee-based Blue Ribbon Management LLC, which purchased it in 2021 for $3.35 million. At that time it was a vacant, 64,430-square-foot industrial flex building.

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Andrew Weiland
Andrew is the editor of BizTimes Milwaukee. He joined BizTimes in 2003, serving as managing editor and real estate reporter for 11 years. A University of Wisconsin-Madison graduate, he is a lifelong resident of the state. He lives in Muskego with his wife, Seng, their son, Zach, and their dog, Hokey. He is an avid sports fan and is a member of the Muskego Athletic Association board of directors.
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A 702-unit self storage facility at 10448 N. Port Washington Road in Mequon was sold recently for $16.4 million, according to state records. The facility was sold by an affiliate of Milwaukee-based Blue Ribbon Management LLC, which purchased it in 2021 for $3.35 million. At that time it was a vacant, 64,430-square-foot industrial flex building. Blue Ribbon Management then expanded and redeveloped the building into a 122,626-square-foot self storage facility and hired Williamsville, New York-based Life Storage Inc. to manage it. The facility was named Life Storage Mequon and opened in 2022. Life Storage was acquired by Salt Lake City, Utah-based ExtraSpace Storage in 2023. An affiliate of ExtraSpace Storage recently purchased the Mequon self storage facility from Blue Ribbon Management.

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