High-Occupancy Self-Storage Investment for Sale
$700,000
Listing Resources
Listing Description
74 Unit Self Storage facility in Collinsville IL. Value add property well below replacement cost. Under market rents and management efficiencies to increase valuation.
Strategically located between two major interstates I-270 and I-55 between the Edwardsville/Glen Carbon market and Collinsville IL.
Sale Price: $700,000
Listing Details
Listing No : 3035
Sale Or Lease : For Sale
Property Type(s) : Investment
Lot Size (Acres) : 1.31 Acre(s)
Sale Price : $700,000
Sale Price Per Sqft : $54.37
CAP Rate : 7.50%
GRM : 8.31
NOI : $52,484
Parcel No : 13-1-21-08-00-000-006
Zoning : BP3
Prior Use : Self Storage
Property Tax : $8,150.24
Tax Year : 2023
Traffic Count : 7,000
Topography : Flat
Acres : 1.31 Acre(s)
Frontage : 110 ft
Depth : 485 ft
Water Provider : City
Water Provider Location : On Site
Sewer Provider : City
Sewer Provider Location : On Site
Gas Provider : Ameren
Gas Provider Location : On Site
Electric Provider : Ameren
Electric Provider Location : On Site
Gross Rental Income : $84,218
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Carter
Marteeny - CCIM
- Office: 618-277-4400 Ext. 41
- Mobile: 618-304-3917
- carterm@barbermurphy.com