1700 Taylor Ave - Self-Storage Facilities FOR SALE


Springfield, IL 62703
$1,400,000 USD
913-707-9030
1700 Taylor Ave, Springfield, IL for Sale
$1,400,000 USD
Self-Storage Facilities - FOR SALE
1/8
null | Request Cap Rate

1700 Taylor Ave
Springfield, IL 62703


HIGHLIGHTS

  • New climate-controlled storage conversion
  • Opened in Spring of 2023
  • Excellent lease-up trajectory
  • Close proximity to intersection of two Interstates
  • Institutional-quality build

OVERVIEW

CubeSmart Self Storage is a new 14,765 RSF climate-controlled self storage conversion in Springfield, IL. Located at the intersection of two interstates. It is less than two miles from both I-55 and I-72. The conversion was completed in Spring 2023 and has a current unit occupancy of 66% and an economic occupancy of 19%. A clean facility that is professionally managed by CubeSmart. Lease-up trajectory is strong and has steadily grown over the last year.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$70 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CubeSmart Self Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,996 SF

ZONING

R-2

APN/PARCEL ID

22-02.0-205-024

ASK ABOUT THIS PROPERTY

Larry GoldmanGoldman Investment Advisors, Inc.More Info
913-707-9030

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Larry GoldmanGoldman Investment Advisors, Inc.More Info
913-707-9030

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.