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Self-Storage Facility

Self Storage of Beach Park

12771 W Wadsworth Rd, Beach Park, IL 60087

Listing Price: $7,000,000

Cap Rate
6.43%
Number of Units
447
Occupancy
97.0%
Rentable SF
57,040
Price/Rentable SF
$122.72
Year Built
2021

Investment Overview

The Delaney Self-Storage Group of Marcus & Millichap is pleased to exclusively present Self Storage of Beach Park, a 57,040 rentable square foot self-storage asset in Beach Park, Illinois. Completed in 2021, Self Storage of Beach Park is comprised of three Trachte manufactured buildings, offering 197 non-climate-controlled units and 250 climate-controlled units. The property is gated with secure keypad entry, video surveillance cameras, fully paved drive aisles, on-site management and retail office and contactless rental kiosk. The facility sits on 5.78 acres with 260 feet of street frontage along W Wadsworth Road and approximately 1,000 feet from the intersection of N Green Bay Road/IL-131, which sees +/- 16,300 vehicles per day. Self Storage of Beach Park has experienced strong lease up since opening and is currently 89.9% physically occupied with an average monthly revenue growth of 4.28% since June 2022.

The property is located in an undersupplied area with only 3.77 square feet per capita of non-climate-controlled storage and 3.56 square feet per capita of climate-controlled storage in a three-mile radius. Beach Park, Illinois is a village in Lake County and is 45 miles north of Downtown Chicago. The 2021 estimated five-mile population was 124,334 with a one-mile average household income of $113,054. Self Storage of Beach Park offers investors an opportunity to acquire a newer, highly occupied, institutional grade self-storage property in an undersupplied market with strong revenue and occupancy growth trends.

Investment Highlights

  • 57,040 Rentable Square Foot Institutional Grade Facility | Completed in 2021
  • 447 Total Units | Climate & Non-Climate-Controlled
  • 4.28% Average Monthly Revenue Growth Since June 2022
  • 89.9% Physically Occupied
  • State-of-the-Art Amenities, Security Features, Rental Kiosk & On-Site Office

Exclusively Listed By

  • Sean M. Delaney

    Senior Managing Director Investments

    (630) 570-2267

    Email Sean

    License(s): IL: 475.141529, WI: 77902-94

    Chicago Oak Brook

Self-Storage Facility

Self Storage of Beach Park

Listing Price: $7,000,000

Cap Rate
6.43%
Number of Units
447
Occupancy
97.0%
Rentable SF
57,040
Price/Rentable SF
$122.72
Year Built
2021

Investment Highlights

  • 57,040 Rentable Square Foot Institutional Grade Facility | Completed in 2021
  • 447 Total Units | Climate & Non-Climate-Controlled
  • 4.28% Average Monthly Revenue Growth Since June 2022
  • 89.9% Physically Occupied
  • State-of-the-Art Amenities, Security Features, Rental Kiosk & On-Site Office

Investment Overview

The Delaney Self-Storage Group of Marcus & Millichap is pleased to exclusively present Self Storage of Beach Park, a 57,040 rentable square foot self-storage asset in Beach Park, Illinois. Completed in 2021, Self Storage of Beach Park is comprised of three Trachte manufactured buildings, offering 197 non-climate-controlled units and 250 climate-controlled units. The property is gated with secure keypad entry, video surveillance cameras, fully paved drive aisles, on-site management and retail office and contactless rental kiosk. The facility sits on 5.78 acres with 260 feet of street frontage along W Wadsworth Road and approximately 1,000 feet from the intersection of N Green Bay Road/IL-131, which sees +/- 16,300 vehicles per day. Self Storage of Beach Park has experienced strong lease up since opening and is currently 89.9% physically occupied with an average monthly revenue growth of 4.28% since June 2022. The property is located in an undersupplied area with only 3.77 square feet per capita of non-climate-controlled storage and 3.56 square feet per capita of climate-controlled storage in a three-mile radius. Beach Park, Illinois is a village in Lake County and is 45 miles north of Downtown Chicago. The 2021 estimated five-mile population was 124,334 with a one-mile average household income of $113,054. Self Storage of Beach Park offers investors an opportunity to acquire a newer, highly occupied, institutional grade self-storage property in an undersupplied market with strong revenue and occupancy growth trends.

Exclusively Listed By

  • Sean M. Delaney

    Senior Managing Director Investments

    (630) 570-2267

    Email Sean

    License(s): IL: 475.141529, WI: 77902-94

    Chicago Oak Brook

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