JUST LISTED

Bright Light Self Storage Portfolio
Chicago MSA (Will County)

Exclusively Listed By:
EquiCap Commercial 

DEAL SUMMARY

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List Price:   $5,275,000

NRSF:        46,664

Units:          282

Acres:         3.16

Locations:   2 (Crest Hill and Plainfield)

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INVESTMENT HIGHLIGHTS

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PRIME LOCATION // Located in a densely populated market with car counts exceeding 7,050 vehicles per day at Crest Hill and 78,800 at Plainfield.

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EXCELLENT DEMOS // The five-mile trade area between the two properties boasts 195K+ people, 69K+ households, and an average household income ranging from $107,061 in Crest Hill to $128,085 in Plainfield.

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FAVORABLE SUPPLY INDEX // Per Radius, the five- mile supply index is 6.50 sq feet per capita at Crest Hill and 6.80 sq feet per capita at Plainfield. Both sites offer favorable indexes in comparison to the national average, further supporting the opportunity to push the trailing rental income to in-place / market levels.

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HYBRID OPERATION // Both locations operate with a part-time employee, out of the Crest Hill location.

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STRONG MARKET RENTS // Average 10x10 Drive-Up rents within five miles of Plainfield are $1.18 ($14.16 annual) and $1.16 ($13.92) at Crest Hill

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INVESTMENT SUMMARY

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EquiCap Commercial is pleased to offer for your consideration, Bright Light Self Storage, a two-property portfolio, located at 1501 Cedarwood Dr, Crest Hill, IL and 2401 Von Esch Rd, Plainfield IL.

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Both Bright Light Self Storage properties are strategically located within 2.25 miles of one another, allowing the operations to be run from the office at Crest Hill. The facilities benefit from being situated adjacent to main roadways, with Crest Hill seeing traffic volumes surpassing 7,050 vehicles daily and Plainfield experiencing over 78,000 vehicles per day along busy I-55.

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The current owners have put over $370,000 into capital improvements over the past 12 months - new fence, gutters, gates, 56 doors, seal coating and asphalt work, lighting, paint, signage, electric, security, improved façade at both locations and roof repairs.

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Both Plainfield and Crest Hill have experienced significant growth due to their prime locations and appealing living conditions. Plainfield, in particular, has attracted new businesses and residents, resulting in a thriving local economy supported by strong retail, healthcare, and education sectors. Crest Hill benefits from its close proximity to Joliet and larger industrial and commercial hubs, maintaining a robust economy driven by manufacturing and service-oriented industries. The strategic positioning of these communities along major transportation routes, including Interstate 90 and Metra lines, provides easy access to Chicago and other parts of the region, further enhancing their attractiveness to businesses and residents alike.

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Bright Light Self Storage represents an excellent opportunity to purchase two well-located, highly occupied self storage operations, with in-place cash flow. Additional, upside can be achieved by reducing expenses (further automating the operations), building upon the ancillary sales programs that are already in place, adding truck rental, and by pushing the trailing rental income to in-place/market levels.