112 Flessner Ave - Self-Storage Facilities FOR SALE


Rantoul, IL 61866
$2,500,000 USD
312-518-3550
112 Flessner Ave, Rantoul, IL for Sale
$2,500,000 USD
Self-Storage Facilities - FOR SALE
1/4
null | Request Cap Rate

112 Flessner Ave
Rantoul, IL 61866


HIGHLIGHTS

  • Opportunity to purchase a brand new self storage property that has achieved 97% occupancy within its first year of opening
  • Additional 16,000 RSF of storage buildings approved for expansion
  • Conveniently located just minutes from downtown and close to the Rantoul Public Library
  • Property currently has a waiting list of tenants waiting to rent

OVERVIEW

The self-storage market in Rantoul, IL, presents a compelling opportunity for investors, driven by several key factors: 1. Growing Demand: As Rantoul experiences population stability and growth, the need for additional storage solutions rises. Factors such as downsizing, relocation, and increased consumerism contribute to this demand. 2. Limited Competition: The Rantoul area has a relatively low number of self-storage facilities compared to larger urban centers. This lack of competition can create opportunities for new facilities to capture market share and establish a loyal customer base. 3. Great market conditions with supply well below industry averages 4. Room to expand - up to 50% SF more, shovel ready with approvals 5. Automated facility Overall, Rantoul’s self-storage market is positioned for growth, making it an appealing option for investors seeking stable returns and a solid long-term investment strategy.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$78 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rantoul Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Bruce BahrmaselBruce BahrmaselMore Info
312-518-3550

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Bruce BahrmaselBruce BahrmaselMore Info
312-518-3550

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.