U Stor Self Storage, located at 3000 Charles St., Rockford, IL, is a well-positioned self-storage facility that offers a total of 43,035 rentable square feet of storage space, comprising 343 self-storage units and 10 parking spaces. The property is situated in a strategic location within Rockford, an area characterized by a stable population with solid income levels and high occupancy rates. The demographics indicate a strong customer base within a 1 to 5-mile radius, supporting the demand for storage services. Additionally, the surrounding self-storage market suggests competitive rental rates, with U Stor Self Storage positioned as a viable choice for customers seeking both drive-up and interior storage options.
The facility benefits from an established presence in the local market, with an 84% current unit occupancy and 83% economic occupancy. The site layout offers a mix of drive-up and interior units, providing flexibility to customers with varying storage needs. Furthermore, the property is expected to see steady rental rate increases over the next several years, which presents an opportunity for strong revenue growth. Given its solid financial performance, favorable expense ratio, and competitive unit mix, U Stor Self Storage stands as an attractive investment for potential buyers.