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99 Unit Self Storage Facility INVESTMENT

  SOLD March 2022 for $2,395,000

2502 Spring Ridge Drive, Spring Grove, Illinois 60081

Building Size27,225 Square Feet
Land Size1.98 Acres
Electric100 amp
Year Built1993

4 BUILDINGS • 99 UNITS • 27,225 SF

This self storage facility has 3 storage buildings and 1 flex office/warehouse building with the total square footage of all 4 buildings equating to 27,225 SF. Fenced and gated with room for some outside storage as well. 92 storage units within the 3 self storage buildings. Unit sizes are a mix of 5’x10’, 10’x10’, 10’x15’, 10’x20’ and 10’x30’ with 14’ ceiling height and 12’x14’ DIDs. The flex building is home to 7 units of warehouse and office space with a 10,875 SF footprint.. (See rent roll for breakdown of units)

Currently 97% leased. Recent upgrades have this place humming, kicking off a nice $154,382 NOI and 6.18% CAP rate.

Contact broker for financials.

The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.

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