REIT Managed Chicago Self-Storage Opportunity

Take advantage of the opportunity to invest in an established self-storage property in the nation’s third most populous city: Chicago. The combined statistical area, often called Chicagoland, is home to 10 million residents and is bolstered by one of the of the world’s most diverse economies. The property is located in the more affluent north side, with a median household income of $106k within a 1-mile radius. Boasting a prime location near one of the North Side’s major shopping areas, this self-storage facility is located near Costco, Walmart and Target. Built in 2018, the 71,050 square-foot, modern structure hosts 872 climate controlled units to protect personal belongings throughout the Midwest’s seasonal temperature extremes. What’s more, the facility is safeguarded with 24/7 video  surveillance.

For these reasons, the Chicago Self-Storage Opportunity allows a savvy investor to acquire a new business in an incredibly affluent urban area where space is  limited—and thus self-storage remains in constant demand.

INVESTMENT HIGHLIGHTS

• Located at a popular shopping area in Chicago’s North Side; $106K median household income within a one-mile radius.
• Prime location next to Costco and other major retailers.
• Established facility completed in 2018.
• The 71,050 square-foot facility is equipped with 872 climate-controlled rental units.
• Facility is protected by state-of-the-art security features, including 24/7 video recording.
• Physical occupancy is 80.4%/68.2% while economic occupancy is currently 47.5%.
• Significant lease up potential available for Mailbox/Locker units.