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Exclusively Listed By:
EquiCap Commercial and
Argus Self Storage Advisors

DEAL SUMMARY

List Price:  $2,600,000

NRSF:        45,872

Units:         292

Acres:        8.16

Sites:          6

 

INVESTMENT HIGHLIGHTS

  • HUB & SPOKE OPERATION // Six facilities located within 13 miles of one another.

  • WELL POSITIONED LOCATIONS // All locations are strategically positioned along high traffic count thoroughfares with convenient proximity to local housing supply.

  • ON-SITE OFFICE/APARTMENT // The main location includes an on-site apartment and office.

  • HISTORICALLY HIGH OCCUPANCY // Occupancy levels have historically exceeded 90 percent.

  • RENT INCREASES UNDERWAY // Due to the high occupancy levels, the owner raised street rates in August and implemented a rent increase to in-place occupants effective October 15th.

  • EXPANSION OPPORTUNITY // Possible opportunity to expand on the three of the six locations.

  • PERSONAL PROPERTY INCLUDED // Owner will include his 2018 F-250 FX Off Road (50K miles), John Deere 2038R Tractor with 72” mower Deck and 220 Loader with Bucket and salt spreader, Gator Made 16+2 Trailer and other personal property as part of the purchase.

Kewanee & Atkinson, Illinois

Mid State Self Storage

JUST LISTED