99 Unit Self Storage Facility INVESTMENT
2502 Spring Ridge Drive, Spring Grove, Illinois 60081
Sold: $2,395,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
27,225 sqft
Land Size
1.98 acres
Sewer
city
Water
city
Zoning
B2
Electric
100 amp
Year Built
1993
Parking
ample
Property Description
INVESTMENT OPPORTUNITY
SELF STORAGE FACILITY
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.