421 E Moneta Ave - Self-Storage Facilities FOR SALE


Peoria Heights, IL 61616
$1,390,000 USD
309-323-0399
421 E Moneta Ave, Peoria Heights, IL for Sale
$1,390,000 USD
Self-Storage Facilities - FOR SALE
1/20
null | 8.8% Cap Rate

421 E Moneta Ave
Peoria Heights, IL 61616


OVERVIEW

The property, spanning 25,350 SF, features 89 self-storage units and 6 additional rentable spaces for warehouse or commercial use. There is a 65' x 50' two story warehouse, a 5,500 SF building with 3 contractor bays, a 1,600 SF 2nd floor storage unit, and 2 offices with a kitchen and full bathroom/shower. Current occupancy is at 65% allowing future owners to maximize rents on the vacant units. Vacancy rate is high (and does not reflect historical occupancy) as the property had a fire recently and ownership has repaired and renovated the affected units. 421 Moneta is an excellent opportunity for a professional operator to capture new business through true marketing efforts and also provides an opportunity for significant expansion through the construction of new units.

FOR SALE DETAILS

PRICE

$1,390,000 USD

PRICE/SF

$60 USD /SF

CAP RATE

8.8%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,372 SF

ZONING

Commercial

APN/PARCEL ID

14-21-477-046

ASK ABOUT THIS PROPERTY

Justin BallRE/MAX Traders Unlimited CommercialMore Info
309-323-0399

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Justin BallRE/MAX Traders Unlimited CommercialMore Info
309-323-0399

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