East Gate Storage
Manhattan, IL
Asking price
$3,750,000
Units
646
Cap rate
11.40%
implied from NOI
Price / unit
$5,805
About this property
East Gate Storage - Skip to content Properties For Sale Track Record Closings Featured Case Studies Client Success Stories Insights Industry Reports Insights Video Library Careers About Who We Are Our Team The SVA Difference Services Press Releases SkyView In The News Contact Us Log in Properties For Sale Track Record Closings Featured Case Studies Client Success Stories Insights Industry Reports Insights Video Library Careers About Who We Are Our Team The SVA Difference Services Press Releases SkyView In The News Contact Us Log in View All Properties for Sale East Gate Storage Chicago-Naperville-Elgin, IL-IN-WI Boat & RV Storage Login to View Financials Login to View OM Share This Property Call for Offers: ends August 26, 2026 Deal Highlights • Opportunity to acquire a turn-key stabilized cash flowing asset, with a manager that lives on-site • No Future Development Underway or Planned in the Five-Mile Radius • Affluent trade area with household income of $160,000 in the one mile and $143,000 in the three mile • Very limited competition in terms of both product type and availability of alternative options in the nearby area • Proximity to Highway 52 allows for quick and easy retrieval of vehicle/equipment as customers head out of town Address: 15325 W Baker Rd, Manhattan, IL, 60442 Price: $3,750,000 Pro Forma NOI: $427,388 Net Rentable Square Feet: 114,148 NRSF Unit Count: 646 Lot Size: 11 Acres Status: Active Year Built: 1970-1998 *Lead broker information is located within the offering memorandum. Listed By: Jennifer Stein Real Estate, Inc. IL RE Lic # 478.027711 Ready to Understand Your Property’s True Market Position? Whether you’re planning ahead or exploring your options, our advisors provide clear guidance backed by real-time data and national transaction insights. Get Your Property Valuation Speak With an Advisor Services Properties Track Record Insights Careers Who We Are Contact Us 100 S. Ashley Drive #600, Tampa, FL 33602 Tel: 813-579-6363 © 2026 SkyView Advisors, LLC. All Rights Reserved. Privacy Policy Terms & Conditions Licensing & Disclosures Instagram Facebook LinkedIn X YouTube Log in Register Remember me Log In Forgot your password? Register Lost your password? Please enter your email address. You will receive an email with a link to set new password. Reset password Back to login Nondisclosure agreement this nondisclosure agreement (this “ Agreement ”), made as of this 23rd day of October, 2026 (the “ Effective Date ”) [COMPANY], a [COMPANY TYPE], and its affiliates, (“ Recipient ”), with an address of [ADDRESS], for the benefit of Skyview Advisors LLC (“ Discloser ”), with an address of 100 N Ashley Dr, Suite 600 | Tampa, FL 33602 (collectively, Recipient and Discloser are the “ Parties ”). RECITALS: WHEREAS , Recipient been advised that Discloser is acting as the exclusive agent to the owner of the property known as East Gate Storage and located at (the “ Property ”); WHEREAS , Discloser is willing to provide to Recipient the certain information pursuant to the terms set forth herein in order to facilitate a potential transaction between Recipient and the owner to the Property in connection with the Property (the “ Transaction ”); WHEREAS , subject to full execution of this Agreement by all Parties, the Discloser intends to provide Recipient with certain proprietary and confidential information as determined by Discloser relating to the Transaction.
All details
Figures are transcribed from the source listing as published. “Source page last checked” is when our crawler last fetched that page — it is not a check of the financials and not confirmation from the broker.
| Asking price | $3,750,000 |
|---|---|
| Units | 646 |
| Price per unit | $5,805 |
| NOI | $427,388 |
| Building size | 114,148 sq ft |
| Lot size | 11 acres |
| Year built | 1970 |
| Address | 15325 W Baker Rd, Manhattan, IL, 60442 |
| First seen by UnitListed | Sep 6, 2026 |
| Source page last checked | Oct 24, 2026 |
Before you call the broker
7 things are not disclosed on this listing. These are the questions that would close the gap — specific to a storage facility, not a generic list.
What period the financials cover — not disclosed
Are these figures trailing twelve months, last calendar year, or projected?
A projected stabilised NOI and a current operating NOI can differ by a third, and both get called "NOI".
Gross income and operating expenses — not disclosed
Can you share a trailing twelve-month profit and loss, with the expense lines itemised?
NOI alone hides whether income is high or expenses are being under-reported. The split is what you underwrite.
Reason for sale — not disclosed
Why is the owner selling, and how long have they held it?
Never published on a listing, always worth knowing. Retirement and a looming capital bill are very different situations.
Physical vs economic occupancy — not disclosed
What is physical occupancy, and what is economic occupancy?
A facility can be 92% full and still be collecting far less, through concessions and delinquency. Physical occupancy alone flatters the deal.
Climate-controlled share — not disclosed
How many units are climate-controlled, and what is the rate premium?
Climate-controlled space earns more per square foot and costs more to run. The mix changes both sides of the model.
Expansion land and entitlements — not disclosed
Is there expansion land, and has anything been entitled or permitted?
Often the whole thesis in storage. Also the difference between a plan and a permit.
How it is managed today — not disclosed
Is this staffed, remotely managed or unmanned, and does a management contract transfer?
Decides whether the expense line you are shown survives the sale.
Asking price — disclosed
Currency of the asking price — disclosed
Net operating income — disclosed
Unit mix and rent roll — disclosed
What has changed
Every date below is when we observed a change, not when it happened. We first saw this listing on Sep 6, 2026; that is not the same as when it came to market, and we have no way to know the latter.
- Sep 6, 2026First seen by UnitListed
The asking price has not changed across any of our observations.
