DEAL SUMMARY

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List Price:   $1,750,000

NRSF:         22,100

Units:          249

Acres:         1.79

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INVESTMENT HIGHLIGHTS

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VALUE-ADD OPPORTUNITY // Below-market in-place rents provide a clear path to revenue growth through increasing achieved rents, implementing admin fees, and expanding tenant insurance programs

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STRONG IN-PLACE CASH FLOW //  ​Approximately 84% occupied with stable income, offering immediate yield with additional upside through lease-up and revenue optimization

 

PRIME LOCATION & ACCESS // ​Located just off Interstate 80 at the IL-23 interchange with traffic counts exceeding 50,000 vehicles per day, providing excellent visibility and accessibility

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INVESTMENT SUMMARY

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Exclusively listed by EquiCap Commercial, Let’s Store It is a well-located self-storage facility at 311 W. Etna Road in Ottawa, Illinois, offering a compelling combination of in-place cash flow and value-add upside. The Property consists of nine buildings totaling approximately 22,100 net rentable square feet across 249 units, situated on 1.79 acres. Originally constructed in 1987, the facility features

durable metal construction with a mix of asphalt and gravel drive aisles, and is secured with keypad-gated access. The site is further enhanced with LED lighting throughout and a 24-hour security camera system, providing a safe and efficient operating environment for tenants.

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Strategically positioned just o Interstate 80 at the IL-23 exit, the Property benefits from excellent accessibility and visibility, with traffic counts exceeding 50,000 vehicles per day. Ottawa’s location along the Illinois River drives additional demand from recreational users requiring storage for boats, equipment, and seasonal items, while projected population growth in the surrounding market further supports long-term demand fundamentals. The facility is currently operating at approximately 84% occupancy, providing stable in-place income with room to further improve both physical and economic occupancy.

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Let’s Store It presents investors with a clear path to value creation through revenue management and operational enhancements. Current rents are below market levels, with pro forma projections indicating meaningful upside through increasing achieved rents, implementing administrative fees, and expanding tenant insurance programs. Based on the financial analysis, the Property is projected to grow net

operating income from approximately $122,000 to over $165,000 within two years, offering strong cash flow growth and an attractive return profile for investors seeking a value-add opportunity in a stable, underserved market.

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