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
South Elgin 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
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93