Colliers Self-Storage is pleased to offer for sale Lansing Self Storage located in the Chicago IL MSA. The newly completed (October 2023) single-story conversion features 229 units totaling 18,742 net rentable square feet. The facility is 84% leased in 18 months. The facility features 100% climate-controlled units which are in great demand. It operates as Remote Managed, but has an on-site professional management office, full security, keypad access, and 24-hour video surveillance. The subject facility is achieving tremendous rents and is outperforming the older REIT product. •Prime Investment Opportunity: 8.4% cap rate on current occupancy (84%). 9.8% cap (at 95% @ current rents). •Chicago IL MSA self-storage offering •High-Quality Conversion: All single-story Class A facility features 100% climate-controlled units. •3-mile CC per capita supply: 3.18 SF •Strategic Location: Situated in the Interstate 80/94 Corridor. •Remoted-managed (with office available). Modern amenities such as LED lighting, coded access, and 24-hour surveillance. •No deferred maintenance, brand new improvements •Only 1 competitor south of Interstate I-80/94