8% CAP Rate - 630 Units Business For Sale in Springfield, Illinois

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8% CAP Rate - 630 Units

Moving, Storage and Delivery - Self Storage

Asking Price:	$3,295,000	Inventory:
Gross Revenue:	$360,000	Real Estate:	n/a
Cash Flow:	$265,000	FF&E:	n/a
++ included in the asking price not** included in the asking price

This four location storage operation is one of the best in downstate Illinois. There is over 10 acres of land in high visibility locations all in the same town. The total revenue for 2007 was $335,000. The total revenue for 2008 was $340,000. The total revenue for 2009 should end up at $360,000. This opportunity includes 21 storage buildings, 3 retail spaces, and one house. Many of the buildings were built in the last 7 years. Out of the 630 units there are only 18 vacancies. The house and all retail spaces are leased out. Two locations are paved and two are rock. There is outdoor storage at two of the locations. There are no climate control units. There is room to expand at three of the locations. There is an on site office at one of the locations. The owner's benefit for 2009 should end up at $265,000. Why would you put your money in a bank to not even earn one percent....when you can earn 8% on your money?

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Business Listed By
Jeff Highfill \| American Business Brokers View All of My Listings


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