DEAL SUMMARY

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 List Price:        $1,525,000

Cap Rate:        7.81 

NRSF:             16,532

Total Units:      250

Acres:             0.01​​

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INVESTMENT HIGHLIGHTS

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PRIME LOCATION // The facility is located approximately 20 miles west of downtown Chicago, providing excellent visibility and convenient access from both U.S. Highway 53 and the Veterans Memorial Tollway, which together see traffic counts in excess of 170,000 vehicles per day.

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EXCELLENT DEMOS // The three-mile trade area boasts 95,234 residents with just 6.67 square feet of storage per capita, while the five-mile trade area includes 260,017 residents with only 5.47 square feet per capita—demonstrating clear undersupply and strong demand for storage in this market.

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MANAGEMENT OPPORTUNITY // The facility is currently

operated with an on-site employee and leasing office; however, operational efficiencies can be realized by installing keypad access at the entrances and implementing DaVinci locks, allowing for a seamless transition to a fully remote management model.

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ADD VALUE OPPORTUNITY // There is a clear opportunity to increase revenue through lease-up, the implementation of existing customer rent increases, and the expansion of ancillary income systems.

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STRONG MARKET // Although this unique facility is located in the basement of a retail strip center, it benefits from being just 20 miles west of downtown Chicago. The Chicago Naperville–Elgin MSA, the largest in Illinois, is home to more than 8 million residents, providing a massive population base and strong demand drivers for self-storage.

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INVESTMENT HIGHLIGHTS

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Hobson Storage is a climate-controlled self-storage facility located at 6807 Hobson Valley Drive in Woodridge, Illinois, within the Chicago MSA. The property totals 16,532 net rentable square feet across 250 units, situated in the basement level of a retail strip center. Originally built in 1980 and converted for self-storage in 1985, the facility is positioned just 20 miles west of downtown Chicago, offering strong visibility and accessibility from US Highway 53 and the Veterans Memorial Tollway, which combine for traffic counts exceeding 170,000 vehicles per day. Current occupancy stands at 62.8% by unit count, providing meaningful upside through lease-up and revenue optimization.

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Constructed within a secure masonry building, the facility features a leasing office, concrete foundation, wood framing, CMU exterior walls, and a modern camera surveillance system. While currently operated with a staffed office, a new owner has the opportunity to implement keypad access at facility entrances and transition to a remote management model, significantly improving operational efficiency.

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The surrounding trade area supports continued growth, with 94,120 residents within three miles and an average

household income of $126,685. Self-storage saturation is notably low at 5.5 square feet per capita within a five-

mile radius, indicating favorable demand dynamics. Hobson Storage benefits from being one of the few climate-controlled options in the submarket and presents a unique investment opportunity to capture revenue through

lease-up, existing tenant rate increases, supplemental income streams, and improved tenant insurance penetration. With strong demographics, low market supply, and proximity to Chicago’s expansive population base, the asset is well-positioned for long-term performance.​​