Tiger Self Storage of Westville 2203 S. State St., Westville, IL 61883
If you're a storage operator or investor looking for a clean, cash-flowing asset with real upside, keep reading.
Facility highlights:
- 74 units | 10,590 SF
- 90%+ occupancy — stable, in-place cash flow
- Trailing NOI ~$35,000+ (42% expense ratio, inline with industry standard)
- 3rd-party managed — semi-passive income stream
- Tenant Protection revenue (recently restructured to 70% rev share)
- Bonus income potential: A 50' x 30' flex/warehouse space — tall rollup door, side entries, electricity & bath rough-in — is ready to be activated. Rent it as-is for $750–$850/mo, lease it to a local tradesman or small business, or convert it to additional climate-controlled units. This space alone could push NOI well above $45K.
- Owner willing to finance a portion of the purchase for the right buyer — substantial down payment required, rate TBD
Reason for selling: Looking to 1031 into a larger asset and simplifying my portfolio.