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Self-Storage Facility

Safeway Self-Storage

15821 Arroyo Dr, Oak Forest, IL 60452

Listing Price: $1,000,000

Cap Rate
5.90%
Number of Units
197
Occupancy
86.5%
Rentable SF
22,893
Price/Rentable SF
$43.68
Year Built
1991

Investment Overview

Marcus & Millichap is pleased to present Safeway Self Storage. Located in Oak Forest, Illinois this site offers 22,893 rentable square feet and 197 non-climate-controlled units.

Investment Highlights

  • 89.85 Percent Physically Occupied with Historically High Occupancy Rates
  • Opportunity to Improve Operations & Generate Additional Revenue by Implementing Tenant Insurance Program
  • High Barrier to Entry with Limited Area Supply | No Competition within 1 Mile | Only 3.75 SF/Capita of Non-Climate-Controlled Storage in the 3-Mile Radius
  • Strong Demographics - 3-Mile Population: 80,041 | 5-Mile Population: 215,019 - 3-Mile Avg Household Income: $95,349 | 5-Mile Avg Household Income: $100,175
  • +/- 33,800 Vehicles/Day Along 159th Street

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

Safeway Self-Storage

Listing Price: $1,000,000

Cap Rate
5.90%
Number of Units
197
Occupancy
86.5%
Rentable SF
22,893
Price/Rentable SF
$43.68
Year Built
1991

Investment Highlights

  • 89.85 Percent Physically Occupied with Historically High Occupancy Rates
  • Opportunity to Improve Operations & Generate Additional Revenue by Implementing Tenant Insurance Program
  • High Barrier to Entry with Limited Area Supply | No Competition within 1 Mile | Only 3.75 SF/Capita of Non-Climate-Controlled Storage in the 3-Mile Radius
  • Strong Demographics - 3-Mile Population: 80,041 | 5-Mile Population: 215,019 - 3-Mile Avg Household Income: $95,349 | 5-Mile Avg Household Income: $100,175
  • +/- 33,800 Vehicles/Day Along 159th Street

Investment Overview

Marcus & Millichap is pleased to present Safeway Self Storage. Located in Oak Forest, Illinois this site offers 22,893 rentable square feet and 197 non-climate-controlled units.

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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