Great opportunity to own mostly new, and very well-maintained facilities with great visibility. The main location is on busy Route 4 with traffic counts in excess of 6,500 vpd. The other is around the corner.
Central Illinois Storage – Chatham, has been under the current ownership for 20 years and has regularly expanded to meet demand. It is always at or above 95% occupancy. There is terrific upside! New owners will benefit from changing operations from its current Mom-and-Pop style, offering tenant insurance and regularly raising rates. Many long-term tenants have never had a rent increase!
There is room to add another 200’ building on this site, and there is a 2+ acre parcel just south and contiguous to the site, that’s available.