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Self-Storage Facility

Cedar Lake, Indiana Self-Storage Development & Flea Market

15205 Wicker Ave, Cedar Lake, IN 46303

Listing Price: $4,400,000

Cap Rate
4.75%
Number of Units
482
Rentable SF
136,500
Price/Rentable SF
$32.23
Year Built
1978

Investment Overview

The Delaney Self-Storage Group of Marcus & Millichap is pleased to present the Cedar Lake, Indiana Self-Storage Development and Flea Market. This offering includes a strong cash flowing flea market business, and the property is poised for the synergistic addition of self-storage on the vacant land. The property offers an existing 58,000 rentable square feet in flea market lots and is situated on 20 acres. The self-storage development plans propose +/- 78,500 total rentable square feet of storage. Proper zoning was recently obtained and site plans have been submitted for approval. The current site plan adds 15 drive-up self-storage buildings (+/- 60,750 SF) and 71 portable units (+/- 17,750 SF). An approved site plan will be delivered prior to closing and new owners would need to obtain the construction permits before breaking ground on the self-storage addition.

Investment Highlights

  • Self-Storage Development Opportunity in a Rapidly Growing Market
  • Includes an Existing Cash Closing Flea Market Business
  • Strong Year 5 Internal Rate of Return of 24.76% and Leveraged Internal Rate of Return of 34.32%
  • +/- 14,483 Vehicles/Day on US-41

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

Cedar Lake, Indiana Self-Storage Development & Flea Market

Listing Price: $4,400,000

Cap Rate
4.75%
Number of Units
482
Rentable SF
136,500
Price/Rentable SF
$32.23
Year Built
1978

Investment Highlights

  • Self-Storage Development Opportunity in a Rapidly Growing Market
  • Includes an Existing Cash Closing Flea Market Business
  • Strong Year 5 Internal Rate of Return of 24.76% and Leveraged Internal Rate of Return of 34.32%
  • +/- 14,483 Vehicles/Day on US-41

Investment Overview

The Delaney Self-Storage Group of Marcus & Millichap is pleased to present the Cedar Lake, Indiana Self-Storage Development and Flea Market. This offering includes a strong cash flowing flea market business, and the property is poised for the synergistic addition of self-storage on the vacant land. The property offers an existing 58,000 rentable square feet in flea market lots and is situated on 20 acres. The self-storage development plans propose +/- 78,500 total rentable square feet of storage. Proper zoning was recently obtained and site plans have been submitted for approval. The current site plan adds 15 drive-up self-storage buildings (+/- 60,750 SF) and 71 portable units (+/- 17,750 SF). An approved site plan will be delivered prior to closing and new owners would need to obtain the construction permits before breaking ground on the self-storage addition.

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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