facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

All

/

Sale

/

300 Sundown Road, South Elg...

Trojan Storage Acquires Self Storage Facility On Sundown Road, South Elgin For $11.7M
SOLD

Trojan Storage Acquires Self Storage Facility On Sundown Road, South Elgin For $11.7M

300 Sundown Road, South Elgin, Illinois 60177, United States

$11,700,000

$160/SF

Building Size

73,000 SF

Asset Type

Closing

Nov 6, 2022

AI

Trojan Storage has acquired a 7.13-acre self-storage property located at 300 Sundown Road in South Elgin. The transaction was facilitated by Sean Delaney from Marcus & Millichap on behalf of the seller, Shanahan Enterprises. The property offers 73,000 square feet of space and was sold for a total of $11,700,000 at a price per square foot of $160.

Summary of transaction details:

  • Property Type: Self Storage
  • Transaction Amount: $11,700,000
  • Address: 300 Sundown Road, South Elgin
  • Market: South Elgin
  • Buyer: Trojan Storage
  • Seller: Shanahan Enterprises
  • Broker: Sean Delaney - Marcus & Millichap
  • Acreage: 7.13 acres

Sean Delaney from Marcus & Millichap represented the buyer, Trojan Storage, in this transaction. The deal marks a successful acquisition for Trojan Storage in the South Elgin market.

Players

Sean Delaney

Marcus & Millichap

Broker

$27.8M

vol

8 deals

Broker
TS
Trojan StorageBuyer

South Elgin CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.36%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93