16d • 🙌 GIVE BACK
Off-Market Storage + Commercial Property Assignment Opportunity in IL
Price: $900,000
10.0% cap on AS IS income
Total Size: ~35,000 SF
22,000 SF Traditional Self-Storage
6,000 SF Climate-Controlled Storage
550 SF Office
6,000 SF Commercial / Retail Space
Financial Overview
As-Is Performance:
Gross Revenue: ~$150,000
Expenses: ~40%
As-Is NOI: ~$90,000
Projected NOI (40% Expense Ratio):
Year 1: ~$115,000
Year 2: ~$125,000
Year 3: ~$130,000
Year 4: ~$140,000
Strong yield with built-in organic growth
13.9% cap on Year-2 NOI
Value Add Opportunities:
Rents approximately 11% below market
Ability to add tenant protection / admin / late fees
No real marketing presence today
No optimized website
Signage significantly underutilized
Opportunity to professionalize operations and improve collections
Room to expand
Market Fundamentals:
3-mile supply: 12 SF per capita
5-mile supply: 5.3 SF per capita
7-mile supply: 6.5 SF per capita
Population: ~40,000
Median Household Income: ~$53,000
Flood Zone Disclosure: Property is partially shown in a flood zone - Surveyor believes a LOMA (Letter of Map Amendment) should not be an issue based on elevation data
Deal Notes:
Non-refundable earnest money required once buyer confirms interest and terms are agreed
📞 Interested parties, reach out directly: Direct Message here and/or call 585-351-1198
SERIOUS and QUALIFIED buyers ONLY
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Off-Market Storage + Commercial Property Assignment Opportunity in IL
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StorageAce empowers you to build a cash-flowing self-storage portfolio, offering tools and systems for financial freedom on your terms.
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