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Self-Storage Facility

CubeSmart Self Storage (Managed)

3637 N Central Ave, Chicago, IL 60634

Listing Price: Request For Offer

Number of Units
1,017
Occupancy
93.0%
Gross SF
115,998
Rentable SF
86,145
Year Built
2022

Investment Overview

Marcus & Millichap is pleased to present an exceptional investment opportunity at 3637 N Central Avenue, located in the vibrant Portage Park neighborhood in the Northwest side of Chicago. This
CubeSmart Self Storage facility is strategically positioned within a "Donut Hole" of zero competition, with
no other self-storage facilities within a one-mile radius. This unique positioning offers potential investors
the chance to acquire a trophy-quality asset in an unbeatable location, featuring excellent visibility, strong demographics, and significant area development.

Recognized as CubeSmart’s “Property of the Year,” this asset has demonstrated robust lease-up performance since its opening in July 2022. As of January 31, 2025, the facility boasts an impressive
occupancy rate of 93 percent by square footage, underscoring its solid performance in its first 30 months of operation.

The property has obtained a Cook County Class 7b tax incentive that is renewable.

Additionally, the property includes 12,000 square feet of ground-level commercial/retail space,
which can be purchased either in conjunction with the self-storage business or separately.

Investment Highlights

  • Trophy Self-Storage Asset in Portage Park Community of Chicago
  • 1,017 Climate-Controlled Units | 86,145 Rentable Square Feet | 93 Percent Occupied by Square Foot
  • Opened in July of 2022
  • Zero Competition in a One-Mile Radius
  • Excellent Visibility | Shadows Intersection of N Central Avenue (± 17,266 Vehicles per Day) & W Addison Street (± 16,279 Vehicles per Day)
  • Prime Location | Adjacent to CVS and Surrounded by Many National Retailers

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

CubeSmart Self Storage (Managed)

Listing Price: Request For Offer

Number of Units
1,017
Occupancy
93.0%
Gross SF
115,998
Rentable SF
86,145
Year Built
2022

Investment Highlights

  • Trophy Self-Storage Asset in Portage Park Community of Chicago
  • 1,017 Climate-Controlled Units | 86,145 Rentable Square Feet | 93 Percent Occupied by Square Foot
  • Opened in July of 2022
  • Zero Competition in a One-Mile Radius
  • Excellent Visibility | Shadows Intersection of N Central Avenue (± 17,266 Vehicles per Day) & W Addison Street (± 16,279 Vehicles per Day)
  • Prime Location | Adjacent to CVS and Surrounded by Many National Retailers

Investment Overview

Marcus & Millichap is pleased to present an exceptional investment opportunity at 3637 N Central Avenue, located in the vibrant Portage Park neighborhood in the Northwest side of Chicago. This CubeSmart Self Storage facility is strategically positioned within a "Donut Hole" of zero competition, with no other self-storage facilities within a one-mile radius. This unique positioning offers potential investors the chance to acquire a trophy-quality asset in an unbeatable location, featuring excellent visibility, strong demographics, and significant area development. Recognized as CubeSmart’s “Property of the Year,” this asset has demonstrated robust lease-up performance since its opening in July 2022. As of January 31, 2025, the facility boasts an impressive occupancy rate of 93 percent by square footage, underscoring its solid performance in its first 30 months of operation. The property has obtained a Cook County Class 7b tax incentive that is renewable. Additionally, the property includes 12,000 square feet of ground-level commercial/retail space, which can be purchased either in conjunction with the self-storage business or separately.

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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