Listed by Blue Chip Commercial Real Estate LLC
$3,990,000
305 Front Street, McHenry, IL 60050
Details
Property Type Self Storage
Sub Type Self Storage
Net Rentable (SqFt) 35,852
Units 253
Cap Rate 4.53%
NOI $180,594
Occupancy 79%
Year Built 2014
Buildings 5
Stories 1
Acreage 2.910
Zoning C-5
Self Storage | 4.53% CAP | 253 Units
Marketing description
· Self Storage Investment Opportunity | 2.91 Acres
· Includes 5 Total Buildings—Approximately 35,852 Rentable SF
· 195’ of Frontage on IL-Route 31! Traffic Counts of 17,600 Per Day with Great Visibility
· 253 Total Units—79% Physical Occupancy | Unit Count is Subject to Sizing Flexibility
· Potential for Remote Management | Currently not Professionally Managed–Opportunity for Upside
· Located Among Increasing Residential and Commercial Developments Nearby
· Ideal Location for Attracting Drive-by Customers
· Affluent Population with Average Household Income Exceeding $100,966 Within 3 Mile Radius
Listing Contacts
Listed by Blue Chip Commercial Real Estate LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$180,594.00
$15,049.50/mo
Valuation Metrics
0
DSCR
4.53%
Cap Rate
4.53%
ROI
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