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Self Storage Facility for Sale
1700 North Main Street
Benton, IL 62812
Price: $1,050,000
241 Units
27,700 sq ft
5.00 Acres
Gross Income: $128,802
Expenses: $30,923
Net Income: $97,880
Cap Rate: 9.32
Occupancy: 95%
Marcus & Millichap is pleased to
offer for sale Rend Lake Storage: two self storage
facilities totaling 27,704 square feet located at
1700 North Main Street and 520 South Main Street in
Benton, IL. Situated on +/- 2.50 acres, 1700 North
Main Street was built in 1995 and has 88 units in
four metal buildings, 22 covered parking spaces and
an on-site office. Situated on +/- 2.50 acres, 520
South Main Street was built in 1994 and has 153
units in six metal buildings.
Current improvements do not
occupy the entire property allowing a new owner add
two buildings at each location At less than $38.00
per square foot, Rend Lake Storage offers an
investor the opportunity to realize better than a
10% cash-on-cash return with future upside through
expansion.
email
Sean Delaney or call 630.570.2234
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Comments
Dear
SSBay.com,
I had my listing for a mini storage on your
website and I was honestly impressed by the
number of calls that I got from qualified buyers
that found my listing on your site. You must be
advertising in the right places. I've since sold
my mini storage listing and I'm currently
working a few of these buyers to help them find
other mini storage facilities for sale. Thanks
for your help.
Richard Rasmussen Designated Broker
Sunbelt Business Advisors, LLC.
RICHARD, I
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Thank you
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posting the ad on your site.
Bret daCosta
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