Self-Storage Facility
CubeSmart Self Storage (Managed)
3637 N Central Ave, Chicago, IL 60634
Listing Price: Request For Offer
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.
CubeSmart Self Storage (Managed)
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
Listing Price: Request For Offer
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
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