Self-Storage Facility
Extra Space Storage
1331 S 55th Ct, Cicero, IL 60804
Listing Price: Request For Offer
Investment Overview
Extra Space Storage (Managed) is a 1,012 unit, 87,582 net rentable square foot self-storage facility located in Cicero, Illinois. The property sits on approximately 1.90 acres of land and was initially constructed in 1914 and converted to self storage in 2017. The developer recently delivered 19 additional units in the interior of the main building that are available to lease. Major improvements to the building at the time of conversion include new rubber membrane roof and silver coat, insulation throughout, new fire suppression system, new top-line Carrier HVAC system and elevators to name a few.
Extra Space Storage
Investment Highlights
- Well designed conversion project featuring four large, covered loading bays at the front of the facility with convenient elevator access.
- The local trade area boasts high occupancy with an average physical occupancy in the mid 90s bolstered by just 2.64 square foot per capita.
- Significant capital improvements have been invested into the existing building at the time of conversion.
Listing Price: Request For Offer
Investment Highlights
- Well designed conversion project featuring four large, covered loading bays at the front of the facility with convenient elevator access.
- The local trade area boasts high occupancy with an average physical occupancy in the mid 90s bolstered by just 2.64 square foot per capita.
- Significant capital improvements have been invested into the existing building at the time of conversion.
Investment Overview
Extra Space Storage (Managed) is a 1,012 unit, 87,582 net rentable square foot self-storage facility located in Cicero, Illinois. The property sits on approximately 1.90 acres of land and was initially constructed in 1914 and converted to self storage in 2017. The developer recently delivered 19 additional units in the interior of the main building that are available to lease. Major improvements to the building at the time of conversion include new rubber membrane roof and silver coat, insulation throughout, new fire suppression system, new top-line Carrier HVAC system and elevators to name a few.
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