Watseka Self Storage
Closed1090 E Walnut St, Watseka, IL 60970
Property type
Self Storage
Unit / Space count
104
Price
$625,000
Building size
12,600 sf
Rentable area
12,600 SF
Year built
Year renovated
Occupancy
Zoning code
Sold/status
Sold · Date unknown
Sale price
$625000
Property description
• Value-add self-storage facility located in Watseka, IL. • Facility was built in 2002 and features 104 nonclimate units totaling 12,600 NRSF. • Owner implemented significant rent increases on 11/1/22 that were met with minimal resistance and turnover. • Very few competitors and less than 5% vacancy in the immediate trade area presents the opportunity to continue pushing rents. • Watseka has a population of over 4,900 people and is located 2 hours outside of Chicago. • Opportunity to increase revenue by maximizing ancillary and tenant insurance income streams. • The Chicago MSA is the third largest in the country with over 9.5 million people.