Self Storage Facility for Sale
Advanced Storage
2549 Pierce Drive
Spring Grove, IL 60081
 

Price: $1,200,000
165 Units
23,675 sq ft
2.25 Acres
Gross Income: $181,022
Expenses: $85,823
Net Income: $95,199
Cap Rate: 7.93
Occupancy: 99%

Advanced Storage at 2549 Pierce Drive in Spring Grove, McHenry County, Illinois, is a 23,675 net rentable square foot self-storage facility built in 1997. Spring Grove is located 60 miles northwest of Chicago. Currently the property is 99 percent physically and 80 percent economically occupied. Situated on two and one quarter acres, the eight single story storage buildings consist of 165 units, 125 non-climate controlled storage units and 40 climate controlled units. Units range in size from 50 to 525 square feet. The property is well-maintained and has numerous amenities including computerized entry gate, perimeter fencing, wide driveways, variety of unit sizes, garage style roll-up doors by US Door, U-Haul Truck Rental and a 1,575 square foot on-site management office with retail center. The property is adjacent to a Jewel-Osco built in 2007 as well as a Walgreens built in 2008 at the Northeast corner of Spring Grove / Winn Road and US Highway 12. Advanced Storage is easily accessible via the signalized intersection at US Highway 12 and Spring Grove Road.

Marcus & Millichap
Sean Delaney
One Mid America Plaza Suite 200
Oakbrook Terrace, IL 60181
Work Phone: 6305702267
Fax: 6305702210
Email: sean.delaney@marcusmillichap.com 

Last Revised: November 4, 2011