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Waveland Commercial Real Estate and Ten-X Commercial are pleased to present the opportunity to acquire a self storage portfolio consisting of two properties located at 3231 N. Main St., (Public Self Storage) and 4850 N. Main St., (Public Storage 24/7) in Rockford, IL. Public Self Storage was converted into a self-storage in 2003 on 1.5 acres, consisting of 19,079 total square feet of which 16,923 SF is rentable. Public Storage 24/7 was built between 2005-2007 on 5.57 acres consisting of 84,320 total square feet of which 82,980 SF is rentable.
This self storage portfolio is highly visible and conveniently located within 1.5 miles of each other on busy Main Street in Rockford, IL. The smaller facility (Public Self Storage) has room to expand its current net rentable square feet. Public Storage 24/7 is less than eight years young. This property is expandable with surrounding lots, properly zoned, and available for purchase.
There is tremendous upside to these investments, as neither facility offers a full range of products or services (i.e., tenant insurance, truck rentals, etc.) to its customers. Also, the Public Storage 24/7 location can easily be expanded by up to 18 climate control 5x10s or built out for office rental.
Both facilities can benefit from economies of scale, reduced payroll, advertising, repairs, phone bills, etc. They offer a full range of storage rental options, traditional drive-up, and climate control.
|Property Type:||Traditional Site|
|Rentable Square Feet:||99,903 Sq Ft|
|Number of Buildings:||10 Bldg(s)|
|Number of Units:||625 Unit(s)|
|Room For Expansion||Yes|
|Days Listed:||10 Days|