6807 Hobson Valley Dr Woodridge, IL 60517

This self-storage facility is located in the Chicago MSA, in the Village of Woodridge, Illinois, approximately 20 miles east of downtown Chicago. The facility features 250 climate-controlled units, totaling 16,532 net rentable square feet. It is located in the basement of a retail strip center. The surrounding area has a population of 94,120 residents and an average household income of $126,685 within a three-mile radius. The Chicago-Naperville-Elgin MSA is the largest in the State of Illinois and is home to a population of 8,539,397 residents. There is an opportunity to achieve management efficiencies by adding keypad access to facility entrances and transitioning to a fully remote operation. The saturation rate of self-storage is 5.5 SF/capita within five miles of the property. There is an opportunity to increase revenue through lease up, the implementation of existing customer rent increases, and maximizing supplemental income streams.