4 Locations

The SSE IL Storage Portfolio offers a strong investment opportunity comprising four selfstorage properties strategically located across central Illinois. Constructed between 2009 and 2012, the 764-unit portfolio covers 134,779 net rentable square feet and features a mix of high-demand drive-up units, premium climate-controlled spaces, and additional income sources like billboards and commercial parking. The assets are positioned in growing submarkets—including Savoy, Urbana, Bloomington, and Normal—benefiting from favorable demographics that range from affluent neighborhoods to dense, renter-dominated communities experiencing steady population growth. The portfolio currently enjoys a robust 93% physical occupancy rate and generates a Net Operating Income (NOI) of $724,455. A notable gap between physical and economic occupancy (83%) presents immediate upside potential for new ownership. By implementing strategic revenue management and closing the gap between current asking rates ($0.77 per square foot) and stabilized market rates ($0.90 per square foot)—an estimated 16% rate increase—investors can project a stabilized pro forma NOI of $871,909, securing both reliable cash flow and long-term value in a resilient market.