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 before being promoted to editor in 2015. An award-winning journalist, Weiland is a five-time winner in the Milwaukee Press Club Excellence in Journalism Awards contest and a three-time winner in the Alliance of Area Business Publishers (AABP) Awards contest. He is also a regular guest on WISN-TV Channel 12's 4 p.m. newscast to discuss the week's most significant business news stories.
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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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