Self-Storage Facility

Extra Space Storage

515 W Lincoln Hwy, Chicago Heights, IL 60411

Listing Price: $6,750,000

Cap Rate
7.18%
Number of Units
774
Occupancy
82.87%
Gross SF
72,166
Rentable SF
72,166
Price/Rentable SF
$93.53
Year Built
2019

Investment Overview

Marcus & Millichap is pleased to offer for sale Extra Space Storage (Managed) located in Chicago Heights, Illinois. This property features 307 climate-controlled units and 467 non-climate units totaling 72,166 net rentable square feet. The facility opened in 2019 and is already 90 percent physically occupied.

This property benefits from a dense surrounding population and excellent street frontage along West Lincoln Highway. This is a busy street with many popular restaurant chains, retail stores, grocery stores and neighborhoods surrounding the property. It is also located about 30 miles south of downtown Chicago.

Extra Space Storage (Managed) is being offered for $6,750,000 or $93.53 per rentable square foot.

Investment Highlights

  • Chicago, Illinois MSA Self Storage Offering
  • 72,166 Net Rentable Square Feet
  • 307 Climate Controlled Units | 467 Non Climate Units
  • Quick Lease Up: 90.23 Percent Physically Occupied Since Opening in 2019
  • High Traffic Count: 26,900 Cars per Day Along West Lincoln Highway

Exclusively Listed By

Self-Storage Facility

Extra Space Storage

Listing Price: $6,750,000

Cap Rate
7.18%
Number of Units
774
Occupancy
82.87%
Gross SF
72,166
Rentable SF
72,166
Price/Rentable SF
$93.53
Year Built
2019

Investment Highlights

  • Chicago, Illinois MSA Self Storage Offering
  • 72,166 Net Rentable Square Feet
  • 307 Climate Controlled Units | 467 Non Climate Units
  • Quick Lease Up: 90.23 Percent Physically Occupied Since Opening in 2019
  • High Traffic Count: 26,900 Cars per Day Along West Lincoln Highway

Investment Overview

Marcus & Millichap is pleased to offer for sale Extra Space Storage (Managed) located in Chicago Heights, Illinois. This property features 307 climate-controlled units and 467 non-climate units totaling 72,166 net rentable square feet. The facility opened in 2019 and is already 90 percent physically occupied.

This property benefits from a dense surrounding population and excellent street frontage along West Lincoln Highway. This is a busy street with many popular restaurant chains, retail stores, grocery stores and neighborhoods surrounding the property. It is also located about 30 miles south of downtown Chicago.

Extra Space Storage (Managed) is being offered for $6,750,000 or $93.53 per rentable square foot.

Exclusively Listed By

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