Self Storage Details

  • Purchase Method: Cash, New Loan
  • Number of Storage Units: 22
  • Acreage: 1 acre(s)
  • Occupancy: 95%
  • Year Built: 2009
  • Cap Rate: 11.0%
  • Property ID: 298111
  • Posted On: Oct 9, 2012
  • Updated On: Jun 21, 2018

Property Description

This facility has a large RV storage(3)45' deep, 1 space is rented to a mechanic + a separate 400sq.ft. office +bathroom Have installed motion lights. I have rented approx. 95% of the building. and have added 10 more storage containers for a total of 27 self storage units of various sizes. The facility is 3 miles N. of Marion Illinois on Rte. 37* WHITEASH RV & MINI STORAGE ! Serious only need call ! No Emails, No Texting

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Financial Information (Actual)

Gross Income $16,800
Operating Expense $2,200
Net Operating Income $14,600
Expense Ratio 13.1 %
Debt Info none