Intra-Lock Self-Storage Portfolio 2 Specialty Properties Offered at $1,520,000 in Multiple Locations
INVESTMENT HIGHLIGHTS
- Price Reduction | 2-Property self-storage portfolio located in Kankakee, IL & Plymouth, IN | Facilities are located less than 2 hours apart
- Diverse Inventory: 111 Total units | ±20,780 Combined NRSF | Diversified unit mix of drive-up self-storage units
- Plymouth, IN is at the intersection of U.S. Route 30 & 31, providing accessibility for distribution, logistics & transportation
- Massive Upside Potential: Unlock value through increasing occupancy and continuing to raise rental rates
- Centrally Located Facilities: Kankakee is in Northeast Illinois, approximately 60 miles south from Chicago
- Situated on ±1.90 acres spread across 2 properties | Each site is secured with perimeter fencing & gated entry for enhanced safety and the ability to
EXECUTIVE SUMMARY
Price Reduction | 7.50% Cap Rate for both properties
Please contact lead agent, Jack Kaiser (JKaiser@ripcofl.com | 732.742.9250) for details on this portfolio.
Please contact lead agent, Jack Kaiser (JKaiser@ripcofl.com | 732.742.9250) for details on this portfolio.
PROPERTY FACTS
| Price | $1,520,000 |
| Price / SF | $72.80 / SF |
| Cap Rate | 7.50% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 20,880 SF |
| Total Land Area | 1.04 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Intra-Lock Self-Storage Units
380 7th Ave, Kankakee, IL 60901 |
Specialty | 11,900 SF | 2022 | - |
|
Intra-Lock Self-Storage Units
7991 Queen Rd, Plymouth, IN 46563 |
Specialty | 8,980 SF | 1979 | - |
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