Kensington Self Storage | Kankakee, IL
Sands Investment Group is Pleased to Present Exclusively For Sale Kensington Self Storage, a Self Storage Facility Located at 2185 S Kensington Avenue in Kankakee, Illinois. This Facility Was Built in 2014 and Features 165 Drive-Up Units Totaling 20,800 Net Rentable Square Feet. This Site Includes Over 0.5 Acres of Expansion Room, Providing This Deal With Significant Upside. Additional Value-Add Opportunities Include Increasing Revenue Through the Implementation of Tenant Insurance Income and Taking Advantage of Available Market Rate Increases.
- Turn-Key Self Storage Facility Operating at Just Over 95% Physical Occupancy
- Opportunity to Increase Revenue By Raising Below-Market Rents
- Opportunity to Increase Revenue Through the Implementation of Tenant Insurance and Merchandise Sales
- Site Features Over 0.5 Acres of Expansion Room
- Low Saturation Rate of 5.2 Square Feet of Storage Per Capita Within 3-Miles of the Property
- No New Self Storage Developments in the Pipeline Within 3-Miles of the Property
- Healthy Population of 28,229 People Within 3-Miles of the Property
- Limited Competition in the Immediate Trade Area With the Nearest Self Storage Facility Being Over 2-Miles Away
- Kankakee is Just Under an Hour Away From Downtown Chicago
- The Chicago MSA is the 3rd Largest MSA in the Country, Boasting a Population of Over 9.8 Million People
Sands Investment Group Illinois, LLC IL Lic. # 481013714 BOR – Andrew Ackerman IL Lic. # 471021429
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