Extra Space Storage
Chicago, IL
Executive Summary
CBRE’s Self Storage Advisory Group has been retained as the exclusive advisor for the listing of Extra Space Storage - Chicago, which consists of 671 units distributed across 45,853 net rentable square feet of interior climate controlled storage space. The facility offers a variety of valuable amenities including extended access hours, sturdy moving carts for heavy items, convenient loading dock, covered & heated loading bay, Sunday gate access, package acceptance and an on-site office.
The property is located in Chicago’s West Loop, a vibrant neighborhood just west of the city’s bustling downtown, within one of America’s economic powerhouses. Chicago boasts a diverse economy, with key drivers including finance, manufacturing, transportation, and technology, supported by its status as a global transportation hub with O’Hare International Airport and extensive rail networks. The city is home to prestigious universities like the University of Chicago, Northwestern University, and DePaul University, contributing to a student population of over 150,000 across the metro area, fueling innovation and a skilled workforce. The West Loop itself is undergoing a transformation, with major developments like the $7 billion Lincoln Yards project and the 78, a 62-acre mixed-use site, expected to create thousands of jobs—Lincoln Yards alone anticipates 20,000 new positions—and attract billions in investment, cementing the area’s appeal for real estate, tech, and commercial growth.
Investment Highlights
Team
Brokerage Team
CBRE Self Storage Advisory Group provides personalized and tailored services, backed by the nation’s foremost experience and technology, driving successful real estate outcomes for individual and institution investors alike. As the industry leader in self-storage advisory, we bring unmatched buyer exposure and market knowledge to each transaction, delivering maximum value to clients.
With more than $6.5 billion in consideration and over 45 million square feet sold since 2009, this self storage team led by Nick Walker offers customized investment sales, acquisition and recapitalization services, together with industry-leading market intelligence, to provide unmatched exposure to buyers across the country. By leveraging the strength of CBRE’s Self Storage Advisory Group, in conjunction with market research, a seamless execution process and long-standing relationships, the team can anticipate trends and command capital globally, validating CBRE’s Self Storage Advisory Group as the safest and best choice for results in the global investment property capital market.
