Special Purpose Facility

Chicago 111th Self Storage

111th St Chicago, Illinois United States 60655
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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Attributes

Year Built 2017
Building Area Net
Number of units 587
Occupancy 80.0 %

Asset Description

LOCATION: The property is situated at 3914 111th St, just off the corner of S Pulaski Rd and W 111th St


ACRES: ±0.56 acre lot (24,217 square feet)


FRONTAGE: The property has approximately 135 feet of frontage along 111th St


TRAFFIC COUNT: ±19,850 VPD (W 111 St); ±27,800 VPD (S Pulaski Rd)


UTILITIES: Gas: Peoples Gas | Electricity (Solar Metering): ComEd | Electricity:

Constellation New Energy | Water/Sewer: City of Chicago


YEAR BUILT: Late 2017


CONSTRUCTION DETAIL: The facility consists of a single, three level building


ELEVATOR DETAIL: Three 4500 lb Holeless Hydraulic Passenger Elevators


APARTMENT: N/A


OFFICE:


CLIMATE CONTROLLED: The facility is 100% climate controlled


FEATURES AND AMENITIES: The facility includes surveillance cameras, heated and covered loading bay, cylinder unit locks, climate control throughout, and onsite management


PERSONNEL:


MANAGEMENT: The property is professionally managed by Extra Space


SECURITY: The facility is equipped with a 24-hour video surveillance system


OPERATION HOURS (OFFICE):

Mon - Fri: 9:30 AM - 6:00 PM

Sat: 9:00 AM - 5:30 PM

Sun: Closed


OPERATION HOURS (GATE): Everyday: 6:00 AM - 10:00 PM

Investment Highlights

NEW BEST IN CLASS CONSTRUCTION

Chicago 111th Self Storage at 3914 111th St is constructed to Class A standards with

an assortment of modern features and amenities – including 100% climate-controlled

units. In addition, the property is uniquely suited to protect customers from Chicago’s harsh winter weather.


EXCELLENT VISIBILITY TO OVER 47,500 VPD

Chicago 111th Self Storage has excellent visibility to 111th St (19,850 VPD) and S Pulaski Rd (27,800 VPD).


MINIMAL SURROUNDING COMPETITIVE SUPPLY

The area within a three-mile radius of Chicago 111th Self Storage contains only 6.31 square feet of storage space per person, well below what is typically found in dense, urban areas. This lack of nearby supply and upcoming development bodes well for future rate growth.


HIGH INCOME AREA WITH DENSE POPULATION

There are over 143,000 residents with an average household income of over $95,000 within a three-mile radius of the property. The average household income is projected to grow at an annual rate of 2.22% over the next five years.


PROXIMITY TO ACADEMIC INSTITUTIONS

Saint Xavier University is located less than 1.5 miles from Chicago 111th Self Storage. The University has over 3,500 students that live on and off campus, and the property is one of the closest facilities to the campus.

Last Updated Date: 09 Jun 2022

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Last Updated Date: 09 Jun 2022

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