Project StatusPre-Construction
Gross Sq. Ft.92,244 Sq Ft
Number of Units683
Return on Costs9.36%
Targeted LP Exit IRR18.4%
Investment StatusClosed

Carol Stream Self Storage

The Suburban Chicago MSA Self-Storage Development Opportunity is a prime 2.71-acre site in Carol Stream, DuPage County, located about 30 miles west of Chicago. This fully entitled, approved, and permit-ready project includes plans for a modern self-storage facility with a three-story building and a one-story building, totaling 72,860 net rentable square feet. The facility will feature 638 climate-controlled units, including 50 premium drive-up units.

Strategically positioned along North Avenue, the property enjoys high visibility with 38,100 vehicles passing daily. The area boasts a strong demographic profile with a population of 84,988, and a stable economy driven by manufacturing, retail, and healthcare sectors. This site presents an attractive investment opportunity in an undersupplied market with only 5.5 square feet of storage per capita within a 3-mile radius. Strict zoning codes in the surrounding areas further limit competition, enhancing the potential for success in this well-situated, high-demand market.

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