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26934023
26934024

200-208 E North Street, Pearl City, IL 61062

NB
471022402
$180,000
284 days on market
Updated 62 days ago

Storage Units - Pearl City

Details
Property Type Self Storage
Square Footage 11,936
Net Rentable (SqFt) 11,936
Units 27
Cap Rate 5.28%
NOI $9,500
Occupancy 96%
Tenancy Multi
Pro-Forma Cap Rate 10.56%
Pro-Forma NOI $19,000
Price per SqFt $15
Buildings 4
Acreage 2.490
Zoning Commerical

Self Storage Property

Marketing description

Self-Storage Facility Investment Offering. This self-storage property consists of four buildings containing 27 rentable units with approximately 11,936 square feet of covered storage space situated on 2.5 acres of land. There are 22 units at approximately 250 sq ft each (10x25) and 5 larger units in 2 additional buildings. The site provides expansion capacity for the development of additional buildings. The facility is currently operating at 96% occupancy with rental rates positioned below current market averages, presenting a clear opportunity for revenue growth. The buildings have been regularly maintained to ensure operational functionality and protection from weather conditions. Recent capital improvements include a new overhead door on a large unit (2025), a roller door replacement on a smaller unit (2024), and steel roof installations on the larger buildings within the last five years. The property’s larger buildings (five units) are located within an AE Flood Zone. This offering presents investors with a stabilized income-producing asset, immediate upside potential through rental rate adjustments and marketing outreach, and future scalability through land development opportunities. Buyer and or buyer agent to verify all information, sizes, square footage, figures, school zones, taxes, exemptions, and zoning. Sizes and measurements approximate.

Listing Contacts

NB
471022402

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$9,500.00
$791.67/mo

Valuation Metrics

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DSCR
5.28%
Cap Rate
5.28%
ROI

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