Self Storage Facility
Property Details
Property Description
INVESTMENT OPPORTUNITY
SELF STORAGE UNITS
PRICE REDUCED
204 Self Storage units partially leased. Undermanaged self storage project with 6 buildings of 3,500+ SF each totaling 27,693 SF on 1.84 acres.
Current income only $30,684/yr. due to lack of attentiveness. Needs a new lease-up program. Potential annual income is excess of $187,000.
Some deferred maintenance. Steel construction. Algonquin Township Assessor has assessed this at $1,763,300 per tax bills.
Unit Mix: 53 (5x10), 60 (10x10), 88 (10x20), 2 (10x30). 5 paying outdoor parking spaces, 1 leased shed. Contact broker for financials and rent roll.
6 Multi-tenant industrial buildings also available separately for $2,250,000. Additional address for this property is 6210 Official Drive. Other PINs are 09-08-227-009 and 014.
Location
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