Listing Portfolios

Three-Asset Chicago Area Portfolio - UNDER CONTRACT

NRSF - 175,665

The Mele Group of Marcus & Millichap has been selected to exclusively market for sale the Three-Asset Chicago Area Portfolio, located in the Chicago Metro Area.

The Three-Asset Chicago Area Portfolio offers the opportunity to acquire three, institutional-quality storage assets in one of the nation’s largest and most populous metro areas. Overall, the opportunity encompasses a total of 175,665 rentable square feet among 2,034 units. Acquisition provides a qualified investor with fantastic growth potential by increasing management efficiencies and occupancies across the portfolio, paired with ideal surrounding demographics boasting outstanding population densities and household incomes exceeding the national average. Furthermore, each facility’s surrounding three-mile radius boasts a low number of existing self-storage supply, far beneath the nation’s average of 6.89 square feet of self-storage per capita.

Opened in 2016 and 2017, the brand-new facilities are in their respective lease-up phases, as indicated by a current portfolio physical occupancy of 28.8 percent and an economic occupancy of 19.6 percent, and the portfolio is projected to stabilize in year four. The facilities are situated in a 28.0-mile driving distance or less from one another within densely-populated locations throughout the MSA.

  • Norridge Norridge
    7300 West Montrose Avenue
    Norridge, IL
  • Bloomingdale Bloomingdale
    7 Circle Avenue
    Bloomingdale, IL
  • Evanston Evanston
    1832 West Juneway Terrace
    Chicago, IL