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Self-Storage Facility

Heartland Storage

10630 W 133rd Ave, Cedar Lake, IN 46303

Listing Price: $16,900,000

Cap Rate
4.00%
Number of Units
926
Occupancy
91.0%
Rentable SF
148,010
Price/Rentable SF
$114.18
Year Built
1995

Investment Overview

Marcus & Millichap is pleased to offer for sale Heartland Storage located in Cedar Lake, Indiana. This property was built in 1995, expanded in 2019 and 2022, and features 34 climate-controlled units and 824 non-climate units totaling 148,010 net rentable square-feet. 31,500 square-feet were brought online July 2022 and there are six additional acres for expansion. This is a stabilized and cash-flowing facility that benefits from an affluent and growing surrounding population. Heartland Storage sits on 25.59 acres of land and is located about 35 miles south-east of Chicago, Illinois.

Investment Highlights

  • Cedar Lake, Indiana Self Storage Five Property Portfolio
  • 148,010 Net Rentable Square-Feet; 34 Climate-Controlled Units, 824 Non-Climate Units
  • 31,500 Net Rentable Square-Feet Delivered in July 2022
  • Stabilized Facility – 91.11 Percent Physical Occupancy

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Self-Storage Facility

Heartland Storage

Listing Price: $16,900,000

Cap Rate
4.00%
Number of Units
926
Occupancy
91.0%
Rentable SF
148,010
Price/Rentable SF
$114.18
Year Built
1995

Investment Highlights

  • Cedar Lake, Indiana Self Storage Five Property Portfolio
  • 148,010 Net Rentable Square-Feet; 34 Climate-Controlled Units, 824 Non-Climate Units
  • 31,500 Net Rentable Square-Feet Delivered in July 2022
  • Stabilized Facility – 91.11 Percent Physical Occupancy

Investment Overview

Marcus & Millichap is pleased to offer for sale Heartland Storage located in Cedar Lake, Indiana. This property was built in 1995, expanded in 2019 and 2022, and features 34 climate-controlled units and 824 non-climate units totaling 148,010 net rentable square-feet. 31,500 square-feet were brought online July 2022 and there are six additional acres for expansion. This is a stabilized and cash-flowing facility that benefits from an affluent and growing surrounding population. Heartland Storage sits on 25.59 acres of land and is located about 35 miles south-east of Chicago, Illinois.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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