Photo of Self Storage Facility
Photo of Self Storage Facility
Photo of Self Storage Facility
Photo of Self Storage Facility
Photo of Self Storage Facility
Photo of Self Storage Facility
Photo of Self Storage Facility
Photo of Self Storage Facility
Photo of Self Storage Facility

Self Storage Details

  • Listing ID: 298055
  • Posted On: Oct 9, 2012
  • Updated On: May 10, 2013

Description

Marcus & Millichap is pleased to present Spring Grove Storage, in Spring Grove, McHenry County, Illinois. Spring Grove Storage is a 16,500 net-rentable square foot self-storage facility built in 1997. Spring Grove is located 60 miles northwest of Chicago. Currently the property is 96 percent physically and 82 percent economically occupied. Situated on 1.98 acres, the three single-story storage buildings contain a total of 93-units ranging in size from 50 to 300 square feet. Amenities of the property include: computerized entry gate, perimeter fencing, wide driveways, a variety of unit sizes, garage style roll-up doors and an on-site management office. In addition to the 16,500 square feet of self storage, the property also has a 10,600 square foot two-story office / warehouse building. The office / warehouse rent roll is viewable in the property description section. Spring Grove Storage is easily accessible via the signalized intersection at US Route 12 and Spring Grove Road. Adjacent to the property is Advanced Storage, which is also being sold by Marcus & Millichap.

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Financial Information

Gross Income: $133
Operating Expense: $53
Expense Ratio: 39.8 %