Ridgeview Storage

Ridgeview Storage, located at 5149 Bolger Ct, McHenry, IL 60050 represents an intriguing investment opportunity in a growing Illinois market. Its 23,150 NRSF situated on 1.9 acres feature all drive-up units ranging from 50 sf- 200 sf. The 215 total units all have DaVinci Locks, allowing for 24 hour access and keyless entry. Being newly constructed last year, the facility boasts high quality standing seam metal roofs, paved asphalt drives, LED lights, and cameras throughout.

Still in its lease-up phase, nearing 27% occupancy, a new operator will possess the ability to control the trajectory through professional marketing and management. Currently achieving $9.84/foot rents for promotional lease-up, there exists upside both in stabilizing occupancy and raising rents to the market pricing.