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  • Sold
Mokena Self Storage - #1

Mokena Self Storage is an institutional quality development that is situated one parcel off 191st Street, a major 5-lane east/west thoroughfare.    Mokena Self Storage will have prominent visibility and ease of access along this primary artery.  This facility consists of a three-story climate-controlled building along with two single-story wings, all constructed of precast concrete.  Mokena Self Storage will offer tenants 108,724 rentable square feet and 938 units, ranging in size from 5’x 3’ to 12’x 45’. Construction is on track to be completed the last week of August, 2021.

Chicago was recently ranked the 3rd most populous city in the United States, only trailing New York City and Los Angeles.  The immediate trade area is significantly undersupplied, with Yardi Matrix calculating the 30mile saturation at 1.64 sf per person and the 5-mile saturation as 3.67 sf per capita.    Additionally, Yardi does not identify any new competitors pursuing development within 5 miles of Mokena Storage.  The surrounding area has excellent demographics with a population density of over 154,761 residents within a five-mile radius, which has grown by 20.1% since 2000.  The average household income within one-mile is $135,521 and the average household net worth within one-mile is $1,449,539.

  • 11/02/2021
  • SOLD