STORAGE FACILITY FOR SALE

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TURN KEY OPPORTUNITY
Asking Price:
$395,000

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed

Real Estate:
 Not Disclosed
included in asking price

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Business Description

Illinois Avenue Storage is a 52 unit, class “A” storage facility in Wenona, Illinois. The property is located approximately 37 miles north of Bloomington-Normal, Illinois on Interstate 39. The property is located on a corner shaped parcel, with frontage along North 8th Rd and IL State Highway 251/IL Route 17, the major thoroughfares in Wenona.
Built in 2000, Illinois Avenue Storage property consists of two one-story, steel frame constructed, self-storage buildings, comprising of a total of 16,134 +/- square feet of rental space. Exterior features include pitched roofs with metal roofing, and metal siding exterior walls. The property includes an office area connected to a 2-car garage sized storage unit equipped with electricity and an electric garage door opener. Security highlights include security cameras, exterior lighting, and perimeter fencing with gated keypad access that can be remotely controlled from any location. Illinois Avenue Storage is currently 95% occupied. Priced to sell at $395,000 Illinois Avenue Storage is priced at $24.48/ NRSF. At this selling price, this facility has a 9.3% CAP Rate! Rental Rates have not been raised since 2012, so there is also potential for an increase in revenue with an increase in rent. The new owner will also have great value-add potential with the +/- 2.77 acres available for expansion.

About the Business

Location:
Wenona, Illinois
Year Established:
2000
Market Outlook/
Competition:
98% OCCUPIED
9.3% CAP RATE
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Listing Info

ID:
1436215
Ad Detail Views:
0

Attached Files Attachment Disclaimer

  ILLINOIS AVENUE STORAGE EOM.pdf (2 MB)
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