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