Rankin Storage

• This is a 100% occupied "like new" unit in Rankin, IL. There are currently 27 units (28 doors) in total. The facility is directly across the street from the post office, and is in the shadow of the local grain elevator. The facility was constructed in 2006 and is in great shape as evidenced by the property photos. A quick market study will show you that the current rental rates are probably below market value, so this has a slight value-add component going forward. The closest storage unit competitor is fifteen miles away in Hoopeston, IL. This is a non-climate controlled facility. Drive up friendly. No high docks. The facility sells with an additional .60 acres to the south for future expansion. The seller also has a land parcel in a nearby community that would be an excellent location for another storage facility. Seller believes that the market of this smaller community would handle another storage building...possibly even two. The property has never been advertised and has always rented on word of mouth. A sign was just recently added. This is the perfect opportunity for beginners or smaller investors who are looking for a way to enter this asset class. Seller will give priority to all-cash offers.