Listing Information for
$3,295,000.00
8% CAP Rate---630 Units
Description
This four location storage operation is one of the best in downstate Illinois.&nbsp; There is over 10 acres of land in high visibility locations all in the same town.&nbsp; The total revenue for 2007 was $335,000.&nbsp; The total revenue for 2008 was $340,000.&nbsp;&nbsp;<strong>The total revenue for 2009 should end up at $360,000.</strong>&nbsp;This opportunity includes 21 storage buildings, 3 retail spaces, and one house.&nbsp; Many of the buildings were built in the last 7 years.&nbsp; Out of the 630 units there are only 18 vacancies.&nbsp; The house and all retail spaces are leased out.&nbsp; Two locations are paved and two are rock.&nbsp; There is outdoor storage at two of the locations.&nbsp; There are no climate control units.&nbsp; There is room to expand at three of the locations.&nbsp; There is an onsite office at one of the locations.&nbsp; The owner's benefit for 2009 should end up at $265,000.&nbsp; <strong>Why would you put your money in a bank to not even earn one percent....when you can earn 8% on your money?<br /></strong>