1601 Colorado ave - Self-Storage Facilities FOR SALE


Urbana, IL 61802
$2,999,000 USD
217-417-7410
1601 Colorado ave, Urbana, IL for Sale
$2,999,000 USD
Self-Storage Facilities - FOR SALE
1/22
null | 13.26% Cap Rate

1601 Colorado ave
Urbana, IL 61802


HIGHLIGHTS

  • 2 Miles to University of Illinois Campus
  • Setup for Fully automated security with cameras and entrance gate
  • Good Mix of climate controlled and non climate controlled drive up units

OVERVIEW

Brand new construction self storage complex in Urbana IL. The complex features a fully automated security system with cameras, fence and automated gate at the entrance. Prime location situated adjacent to residential neighborhoods, apartment complexes and 2 miles to University of Illinois campus. The complex has four non climate controlled buildings with 10x10 and 5x10 units and one climate controlled building with 10x10 and 5x10 units. 28,950 square feet of storage space with 72 climate controlled units and 242 non climate controlled drive up units Close to University of Illinois which features an enrollment of over 56,000 students Brand new construction with all the bells and whistles wanted in self storage investment Fully automated security system setup Strong mix of climate controlled units and non climate controlled units Net Income is based on Pro Forma of fully occupied complex.

FOR SALE DETAILS

PRICE

$2,999,000 USD

PRICE/SF

$104 USD /SF

CAP RATE

13.26%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Urbana New Construction Self Storage Complex

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.7 AC

LAND SF

117,612 SF

ZONING

B-3

APN/PARCEL ID

93-21-21-200-026,93-21-21-200-027

ASK ABOUT THIS PROPERTY

Mark PannoKeller Williams Realty The Real Estate CenterMore Info
217-417-7410

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

Mark PannoKeller Williams Realty The Real Estate CenterMore Info
217-417-7410

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