3000 Charles St - Self-Storage Facilities FOR SALE


Rockford, IL 61108- East Rockford
$3,500,000 USD
720-909-8601
3000 Charles St, Rockford, IL for Sale
$3,500,000 USD
Self-Storage Facilities - FOR SALE
1/9
null | Request Cap Rate

3000 Charles St
Rockford, IL 61108
East Rockford


HIGHLIGHTS

  • Expansion land included – direct path to value/yield creation
  • Strong management upside due to low in place rental rates
  • Rockford is the fourth-largest city in Illinois, with a metro population of approximately 178,000 residents within a five-mile radius of the facility
  • Property consists of a well-maintained storage facility with a diverse range of unit sizes, from smaller 25 SF spaces to larger 400 SF units

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$80 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

U Stor Self Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

3.55 AC

LAND SF

154,638 SF

ZONING

C-1

APN/PARCEL ID

12-30-326-005,12-30-326-006,12-30-326-008,12-30-326-009,12-30-326-016

ASK ABOUT THIS PROPERTY

Cole CarosellaArgus Self Storage AdvisorsMore Info
720-909-8601

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Cole CarosellaArgus Self Storage AdvisorsMore Info
720-909-8601

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