7243 Cherryvale North Blvd - Self-Storage Facilities FOR SALE


Rockford, IL 61112- Outer South Rockford
$13,000,000 USD
7243 Cherryvale North Blvd, Rockford, IL for Sale
$13,000,000 USD
Self-Storage Facilities - FOR SALE
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7243 Cherryvale North Blvd
Rockford, IL 61112
Outer South Rockford


OVERVIEW

Located in Rockford, IL, Everything Self Storage is a prime 83,299-square-foot facility featuring 631 units and currently operates at 46% occupancy. The facility offers a rare combination of immediate, dependable cash flow and immense value-add potential. The property’s well-distributed unit mix serves a diverse base of residential and commercial tenants, ensuring a resilient income stream. There is a significant vacancy bridge to cross, presenting investors with a clear runway for cap rate compression through professionalized management, strategic rent growth, and optimized pricing strategies. This is a high-yield opportunity to acquire a stable foundation while capturing the significant upside of a disciplined lease-up, all without the need for intensive capital expenditure

FOR SALE DETAILS

PRICE

$13,000,000 USD

PRICE/SF

$156 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Everything Self Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.5 AC

LAND SF

152,547 SF

ZONING

CC

APN/PARCEL ID

12-35-176-023

ASK ABOUT THIS PROPERTY

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