Aurora Self Storage

Jones Lang LaSalle (“JLL”), as exclusive advisor, is pleased to offer qualified investors the opportunity to acquire Aurora Self Storage (the “Property”), a state-of-the-art, recently delivered Class A self storage facility in Aurora, IL, 30 miles west of Chicago. The Property, consisting of 78,246 square feet across 836 units and 53 parking stalls, opened in March of 2023 and is operated by Extra Space Storage. Located in a high performing, tax-friendly suburban environment, the Property has seen tremendous leasing demand since opening and is currently 80.2% occupied.

The Property benefits from a stand-alone location as the lone storage facility within a dense residential pocket on the east side of the city. Within the 5-mile radius surrounding the facility, there are approximately 89,000 households, 255,000 people, and an average household income in excess of $123,000. Averaging roughly 4% net absorption a month since opening, the Property is nearly physically stabilized and will start meaningfully pushing rental rates this leasing season. This offering provides investors the opportunity to purchase an asset in a densely populated area with strong revenue upside by increasing in place rents to drive value and generate outsized returns.