A Storage Box Portfolio

Property Highlights 

• 15,000 NRSF expansion potential at the Beardstown location.
• Springfield serves as the hub location located conveniently off of I-55. Traffic counts of 18,000 per day on Sangamon Avenue. 
• 3 properties have management offices. Springfield features commercial office spaces with leases that can be renegotiated for longer terms and rent escalators. 

Market Highlights 

• Favorable supply per capita in the submarkets for Beardstown and Lincoln–sub 5 sq ft per capita with no additional future developments.
• Springfield 5M population: 85,993

Financial Highlights 

• The portfolio has experienced an upward trajectory in revenue. 2021 saw a 12% increase in revenue as compared to 2020. 2022 is on pace for a 7% increase in revenue as compared to 2021. 
• There are 29 complimentary units spread across the portfolio. If rented, those could generate an additional $32,124 in rental income per year.
• Historically 90% + occupancy with limited economic vacancy. 
• Ancillary incomes such as tenant insurance, retail sales and admin fees can be implemented.

Location 1

Location 2

Location 3

Location 4