AVAILABLE

Gateway Storage
Washington, Illinois (Peoria MSA)

DEAL SUMMARY

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List Price:   $3,700,000

NRSF:         58,000 (Trachte Buildings)

Units:          385 Drive-Up and Climate-Controlled

Acres:         4.11

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INVESTMENT HIGHLIGHTS

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PRIME LOCATION // Located 1⁄4 mile north of State Route 8 (Washington Road) with average traffic counts exceeding 13,600 vehicles per day. The facility is centrally located to multiple subdivisions, providing easy access to residents and businesses.

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ADD VALUE OPPORTUNITY // Opportunity for a new owner to continue the physical and economic occupancy growth trends (currently at 80%), and further push top-line revenues which have improved every quarter over the past 12 months. NOI projections equate to a year five cap rate of 9.7 based on list price.

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EXPANSION OPPORTUNITY // This offering includes a .74-acre parcel of virgin farmland, allowing a new owner the potential for future expansion.

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SECURE FACILITY // Gateway Self Storage is one of the only facilities in the market that is fully fence, gated with climate-controlled access, monitored with 24hr motion censored cameras, and had an on-site rental office.

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CLIMATE CONTROLLED UNITS // Gateway Self Storage is one of four facilities within five miles to offer climate-controlled units. Rates at Gateway are substantially below the competition set.

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INVESTMENT SUMMARY

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EquiCap Commercial has been selected to exclusively offer for sale, Gateway Storage – Washington located in

Washington, Illinois (Peoria MSA).

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Gateway Storage consists of two parcels, conveniently located right off State Rd 8 (with 13,600 vehicles per day) on School street just East of downtown Peoria, in the town of Washington. Washington is in Tazewell County, which was voted as one of the best places to live in Illinois, per niche.com.

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The facility was originally built in 2010 and expanded through two phases. The buildings feature metal frame construction with corrugated metal exteriors (Trachte), TracRite roll-up doors, and standing seam metal roofs. The eight buildings offer 58,000 net rentable square feet, spread across 385 units ranging in size from 5x10 to 10x40. Three of the buildings include climate-controlled units, accounting for 123 of the 385 units, while the remaining units are drive-up accessible. The facility features concrete-paved drive aisles, LED lighting throughout, 24-hour motion-triggered cameras, full perimeter fencing with gated keypad entry, and an on-site rental office (9th building).

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Gateway Storage provides a turnkey investment with significant potential for added value. It represents an excellent opportunity to purchase a well-located, well-maintained operation with in-place cash flow. Investors can stabilize physical and economic vacancies, and with its strong market location, expansion potential, and opportunities for further enhancements, this self-storage facility offers both immediate cash flow and long- term growth potential, making it an attractive investment in East Peoria’s expanding commercial real estate market.​

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