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

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SOLD
$11,700,000

Illinois

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73,000 SF
Sold
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SOLD

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

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

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73,000 SF
Sold
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Summary

ILLINOIS
Price Per Square Foot:$160
Total Square Footage:73000 SF
Transaction Type:Sale

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
7 deals$24.9M volume
BROKER

BUYER

Details

SOLD
IMAGE: Sean Delaney DATE: 11/07/2022 ADDRESS: 300 Sundown Road MARKET: South Elgin ASSET TYPE: Self Storage ~ ACRES: 7.13 BUYER: Trojan Storage (@Trojan_Storage) SELLER: Shanahan Enterprises BROKER: Sean Delaney - Marcus & Millichap (@MarcusMillichap_Chicago) SALE PRICE: $11,700,000 SF: 73,000 ~ PPSF: $160

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$624,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$41,567.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$55,463.97
Annual Debt Service$665,567.63