Coldwell Banker Commercial Real Estate Group Sells Self Storage Facility At 1400 Bohr Avenue In Montgomery For $3.4M
1400 Bohr Avenue, Montgomery, Illinois 60538, United States
$3,400,000
Units
278
Asset Type
—
Closing
Sep 29, 2022
About this deal
AI
A self storage property located at 1400 Bohr Avenue in Montgomery was recently sold for $3,400,000. The transaction took place on September 30, 2022. The property consists of 278 units, with a price per unit (PPU) of $12,230. The sale was facilitated by Richard Faltz of Coldwell Banker Commercial Real Estate Group.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $3,400,000
- Address: 1400 Bohr Avenue
- Market: Montgomery
- Units: 278
- PPU: $12,230
Richard Faltz from Coldwell Banker Commercial Real Estate Group represented the parties involved in this transaction.
Players
Montgomery CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93