672 US Highway 52 12,800 SF 100% Leased Industrial Building Amboy, IL 61310 $726,519 CAD ($56.76 CAD/SF) 4.53% Cap Rate

Route 52 Self-Storage is located just south of Amboy, IL on US Hwy 52. The property has 2.96 acres. The facility currently consists of two buildings, (1) 40' x 140' and (1) 40' x 180'. There are currently 68 units in total with 12,800 rentable square feet. The facility was constructed in 2023 This is a non-climate controlled facility. Drive up friendly. No high docks. No fence but the facility utilizes security cameras and 37 solar lights.
The facility sits on 2.96 acres and the current owner estimates that there is enough land to build an additional 18,000 square feet of storage!
The facility was completed in 2023 and is 65% occupied.
Rates are below market and could be raised. With the exception of the 10'x10' units all of the units are under $.40/sq ft.
Opportunity to increase marketing with website, Google business page, Facebook, and other online storage sites.
Although Amboy is a smaller farming community it has additional sources of renters close by. This facility is approximately three miles away from Woodhaven Lakes RV Park in Sublette, IL. Woodhaven is one of the largest RV parks in the country with over 6,000 sites! Woodhaven serves as a weekend or summer home for thousands of Chicagoland residents. This facility is in a terrific location to capitalize on these commuting campers!