Self-Storage Facility
CubeSmart Self Storage (Managed) & Retail
3720 E State St, Rockford, IL 61108
Listing Price: $8,250,000
Investment Overview
Marcus & Millichap is pleased to present the exclusive opportunity to acquire CubeSmart Self Storage (Managed) & Retail in Rockford, Illinois. The property consists of 421 total units, including 418 climate-controlled self-storage units and three retail suites, two of which are currently leased. The remaining retail suite presents immediate upside for a new investor through lease-up and stabilization. This offering provides investors with the opportunity to acquire a professionally managed, climate-controlled storage facility complemented by additional retail income in one of Northern Illinois’ primary regional markets.
Rockford is the third-largest city in Illinois and serves as Northern Illinois’ primary economic hub outside of the Chicago MSA. Strategically positioned along the I-90 corridor between Chicago and Madison, the market benefits from strong regional connectivity and a diversified employment base supported by manufacturing, logistics, healthcare, and distribution sectors. The presence of a growing cargo-focused airport and ongoing industrial investment continue to support job growth and economic stability. Affordable housing, steady residential development, and a broad regional trade area underpin long-term self-storage demand fundamentals in the market.
CubeSmart Self Storage (Managed) & Retail
Investment Highlights
- Stabilized & Cash flowing property - 90% occupancy
- Excellent visibility - Over 23,000 VPD on E State St
- Low Saturation - 3.53 SF/Person in 3 mile radius
- Dense Population - 180,000 people in 5 mile radius
- 1,000's of new multifamily and residential units under construction
- Value add opportunity through lease up up the vacant retail suite
Listing Price: $8,250,000
Investment Highlights
- Stabilized & Cash flowing property - 90% occupancy
- Excellent visibility - Over 23,000 VPD on E State St
- Low Saturation - 3.53 SF/Person in 3 mile radius
- Dense Population - 180,000 people in 5 mile radius
- 1,000's of new multifamily and residential units under construction
- Value add opportunity through lease up up the vacant retail suite
Investment Overview
Marcus & Millichap is pleased to present the exclusive opportunity to acquire CubeSmart Self Storage (Managed) & Retail in Rockford, Illinois. The property consists of 421 total units, including 418 climate-controlled self-storage units and three retail suites, two of which are currently leased. The remaining retail suite presents immediate upside for a new investor through lease-up and stabilization. This offering provides investors with the opportunity to acquire a professionally managed, climate-controlled storage facility complemented by additional retail income in one of Northern Illinois’ primary regional markets. Rockford is the third-largest city in Illinois and serves as Northern Illinois’ primary economic hub outside of the Chicago MSA. Strategically positioned along the I-90 corridor between Chicago and Madison, the market benefits from strong regional connectivity and a diversified employment base supported by manufacturing, logistics, healthcare, and distribution sectors. The presence of a growing cargo-focused airport and ongoing industrial investment continue to support job growth and economic stability. Affordable housing, steady residential development, and a broad regional trade area underpin long-term self-storage demand fundamentals in the market.
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