Offers Due February 28th

The Pavilion at 45th & Hi Tec Self Storage

Chicago MSA

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Executive Summary

Summary

  • Price $12,900,000
  • Address 1834 45th St, Munster, IN 46321
  • Gross Revenue $1,180,212
  • Price Per NRSF $136.83
  • Cap Rate 5.82%
  • Gross Building Square Feet 100,846
  • Net Rentable Sq. Ft. 94,277
  • Acreage 11.35
  • Number of Storage Units 152
  • Number of Retail Suites 19
  • Storage Occupancy 75%
  • Retail Center Occupancy 100%

John 14:6 - Jesus said unto him "I am the way, the truth, and the life. No one comes to the Father except through Me".

The Elite Storage Group of Calvary Realty is proud to present The Pavilion on 45th and Hi Tec Storage, a premier self-storage and retail facility located at 1834 45th St in Munster, Indiana, within the expansive Chicago-Naperville-Elgin MSA, which serves a population of over 9.4 million. This property encompasses 94,277 rentable square feet across 152 storage units and 19 Retail Suites. with a current physical occupancy of 100% for the retail suites and 75% on the storage units. Situated on 11.35 acres, this property includes substantial retail and storage space, yielding nearly $100,000 in gross monthly revenue.

Constructed of durable concrete, The Pavilion was initially built in 1970 and expanded in 2005, supporting both self-storage and retail functions. Located just 30 minutes south of downtown Chicago, this property benefits from significant daily vehicle traffic with a count of 15,883, enhancing its high visibility and access. Additionally, the property’s positioning within a densely populated and affluent region adds considerable value, making it a highly desirable asset for both local and institutional investors.

Key opportunities for expansion and growth further enhance the appeal of The Pavilion on 45th, as it includes 3.52 acres of excess land available for storage development as well as 1.65 acres of land available for retail development. This well-established property combines both storage and retail income streams, offering a compelling opportunity for investors looking to acquire a high-traffic, income-generating asset in the robust Chicago metropolitan market.

Investment Highlights

Storage & Retail Center Income

High Foot & Vehicle Traffic

Daily Vehicle Count of 15,883

High Occupancy

Nearly $100K in Gross Monthly Revenue
*5.17 Acres of Land for Expansion (Storage & Retail)

Chicago Metropolitan Area (30 Minutes from Downtown)

Below Market Rates

High Income

Institutional Level Asset

Location Map

Team

Charles White

Broker of Record
The Virtual Realty Group Indiana
Indiana License # RB14029792
(888) 407-2410
Ingla Robinson

Ingla Robinson

VP of Operations
Calvary Realty
CA License# 02099837
(909) 380-0073
TaMara Jones

TaMara Jones

Investment Advisor
Calvary Realty
CA License# 01779317
(310) 619-0244
Leanna Calderon
Leanna Calderon
Investment Advisor
Calvary Realty
CA License #01961036
(818) 599-0862