Listed by Lee & Associates - Chicago
$1,750,000
200 Manor Lane - Self Storage Investment Offering
Details
Property Type Self Storage
Sub Type Self Storage Facility
Square Footage 12,645
Units 113
Cap Rate 8.20%
NOI $143,581
Occupancy 92.5%
Pro-Forma Cap Rate 8.20%
Pro-Forma NOI $143,581
Year Built 1977
Acreage 0.910
Investment Type Value Add
200 Manor Lane, Villa Park, IL 60181-1808
Marketing description
Lee & Associates is pleased to present this rare self storage investment opportunity located in highly populated DuPage County, Illinois. Situated in Villa Park, IL, this offering presents investors with the opportunity to acquire a self storage asset in a densely populated and well established suburban market where self storage properties rarely become available for purchase. The property offers an attractive opportunity for both new and experienced investors seeking long term growth and stability in one of the strongest demographic regions in the Chicagoland area.
This property also presents a strong value add opportunity, as the current ownership has historically maintained rental rates below market averages, providing investors with the ability to increase revenue through future rent adjustments while continuing to capitalize on strong demand within the surrounding area.
Investment highlights
- Rare DuPage County self storage offering
- Strong surrounding population density
- Value add opportunity through below market rental rates
- Established facility with stable unit mix
- Located in a strong infill suburban market with limited available inventory
Listing Contacts
Listed by Lee & Associates - Chicago
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$143,581.40
$11,965.12/mo
Valuation Metrics
0
DSCR
8.2%
Cap Rate
8.2%
ROI
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